There’s one thing that keeps nagging me about McCabe’s firing.
McCabe was set to retire on Sunday, after more than two decades at the FBI. But Attorney General Jeff Sessions fired him late Friday, a decision that could significantly affect McCabe’s pension.
McCabe is 49 years old. 49. And he was about to retire from the FBI with a full pension. I realize that we have a social contract whereby we give government workers less salary in exchange for good benefits and pensions, but this is ridiculous. It is one thing for a fire fighter, police officer, soldier, etc. where the strains of the job necessitate an early retirement, but McCabe was essentially a desk jockey for the last 15 years earning well over six figures. Given that most people have to work into their 70s or beyond, we are all having to work 20 more years than McCabe just to pay for his retirement at 49.
I’m not faulting McCabe. It’s not his fault that the system is set up this way. It is our fault for letting it happen. The social contract is out of whack. I don’t think it is too much to ask for our employees to put in a full career before getting a full pension for retirement. Or, we can convert them to defined contribution plans like most Americans and they can retire whenever they want.