They're not called golden handcuffs for nothing.
As a little extra about the pension... after backing out what I was contributing to the 457 account, my pension contribution, and the FICA taxes I will no longer pay... I will be taking home as much from my pension as I was taking home while I was working. It has a COLA and will be for the rest of my life. So it's very generous and not something I could easy dismiss.
Yep, me too. The multiplier between ages 55 to 60 is nearly vertical in its effect.
Age 56: 1.94 x years of service
Age 57: 2.10 x years of service
Age 58: 2.22 x years of service
Age 59: 2.36 x years of service
Age 60: 2.50 x years of service
I am hanging on for an extra 2 years to completely replace DH's income as well.