Interesting, Scratch king. You have worked for 30 years, have to work for 14 more. If retiring at 65 minus 14 years you would be 51. If you wanted to retire at 55 you would be 41 today.
If you are 41 and you have already worked in the plan for 30 years, you must have started when you were 11. If you are 51, you started when you were 21.
If you have 30 years (all monies prior to Jan 1, '04 were protected and your earnings since will zero each other out, so you would get close to the 3K you planned on) and are 62., there has been about $135,000 paid in on your behalf. If you retire and draw 44 months worth of pension that is all paid back. Now if you are truly 51 and would go now, you would receive an estimated roughly 250 monts or 6 times your money back, plus health and welfare payments for that time. Not a bad investment for 135K..Do the math.
I too know guys that want to retire early but they want to keep on working. The plan was never designed for a full retirement bonus plan. It was designed as supplemental. We have just tried to modify it to suit our own lives.
I for one would rather the plan make changes as a result of the Economic Disaster of the early 2000, 01 and 02..years that not make changes and see it all go in the tank.
If you have 14 more years to go, planning is an impossibility as you know. All you have to do is read the papers where the Congress passed legislation that we fought against, and Bush is unhappy that it did not go far enough in his book.
We are fighting the enemy and the enemy is us. We need to get involved the Politics before they legislate us out of business.