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ffr

(22,668 posts)
Sun Mar 18, 2018, 01:18 PM Mar 2018

I Bet Trump Doesn't Know That McCabe Will Still Get A Pension



Our petty tyrant president had Andrew McCabe fired Friday night, a little more than 24 hours prior to his scheduled resignation, which was to take place on his 50th birthday. It's widely believed that this act of vindictiveness has cost McCabe his entire pension. I believed that when I woke up this morning. I imagine the president also believes it.

But as CNN reported prior to the dismissal, it's not exactly true:

As a law enforcement officer covered by the Federal Employees Retirement System, known as FERS, McCabe is set to receive an annual pension payout calculated at a special "enhanced" rate and available at the early age of 50....

If he were to be fired before Sunday, it appears likely McCabe could be docked his pension until he hits another, later age milestone.

... per federal rules, McCabe may not be able to draw an annuity until a date ranging just shy of his 57th birthday, and as late as his 62nd. That could put the value of his uncollected pension in the realm of a half-million dollars.

On top of that, McCabe could also lose his law enforcement boost....

Under the rules of FERS, that means he could be left with the standard multiplier of 1% on top of his years of service, down from the 1.7% enhanced rate for law enforcement.


James Gagliano, a former FBI special agent who's now a CNN analyst, acknowledges that McCabe will take a hit:


- Crooks and Liars
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I Bet Trump Doesn't Know That McCabe Will Still Get A Pension (Original Post) ffr Mar 2018 OP
There was a change in Civil Service Rules back in the Wellstone ruled Mar 2018 #1
I sure hope that happens. bitterross Mar 2018 #3
Still a big f***ing hit on the mans finances and still a YUUUUUUUGE DICKBAG ASSHOLE MOVE ... mr_lebowski Mar 2018 #2
 

Wellstone ruled

(34,661 posts)
1. There was a change in Civil Service Rules back in the
Sun Mar 18, 2018, 02:13 PM
Mar 2018

late 70's to protect workers from this type of firings I believe. McCabe will receive a just Cause Review and most likely leave that hearing with millions in punitive pay as well as full Pension Rights.

 

mr_lebowski

(33,643 posts)
2. Still a big f***ing hit on the mans finances and still a YUUUUUUUGE DICKBAG ASSHOLE MOVE ...
Sun Mar 18, 2018, 02:16 PM
Mar 2018

By the Toddler In Chief.

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