Quote:
Originally Posted by Rochard
This is fucking outstanding.
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It is!
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By being fired last night he doesn't lose his pension, contrary to what Trump and the alt-right believe. Sessions firing him merely defers the date that can begin collecting his full pension.
The FERS (Federal Employees Retirement System) rules for law enforcement allow an employee to retire at age 50 if he/she has 20 years of service. McCabe turns 50 tomorrow. He would have begun collecting his pension immediately had Sessions not fired him.
The default for FERS is what non-LEO employees get: They have to wait until age 56 years 8 months. If they retire early the pension is reduced according to a formula for each year of early retirement. So McCabe will have to defer his eligibility date for a few years before collecting 100% of his pension.
So to summarize, with two more days of federal service (as a LEO) McCabe can retire next week and begin collecting his pension immediately. Otherwise, he can elect to take a smaller pension or defer until shortly before his 57th birthday and collect his full amount.
/Copy/paste off the interwebs