No, Andrew McCabe isn’t ‘losing his pension’

No, Andrew McCabe isn’t ‘losing his pension’
Andrew McCabe (Image: YouTube screen grab)

[Ed. – Wipe away those tears, libs.]

The reports that are flying across the news, Twitter, and Facebook are that McCabe was just two days short of retirement and that this move by Sessions will, as, for instance, Vox, reports, “cost him his federal pension.”…

Which … gives the impression of a veteran, elderly federal official being cheated out of his pension accruals due to a vindictive Trump administration.  But this didn’t pass the sniff test.  Pensions — public as well as private — are required to meet certain vesting requirements, and, in fact, the FERS (Federal Employees Retirement System) benefits vest at 5 years, meaning that benefit accruals cannot be taken away.

In fact, McCabe is all of 49 years old, likely 50 by the time readers see this, and what he lost out on was, as CNN much more calmly recounts, the ability to take his benefits at age 50, rather than somewhere between age 57 and age 62, and he lost his eligibility to a special top-up in benefit formula.  These are, admittedly, tangible financial losses, but it is grossly misleading that various news outlets are giving the general public the impression that he has lost his pension entirely.

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