Have been waiting a long time for this to catch up with them.. Had some friends and relatives who cashed in on the CA “retire early” at a huge % of their highest salary at age 55...been a long time since that happened so I may not be recalling it exactly but the friends and relatives made out like bandits. Made more money sitting home, drawing the pension, buying/selling stocks on Etrade than they made on their job...and BRAGGED about it to us poor slobs who worked for private enterprise and had no such offers...but we paid dearly for their retirement. Not for long as we left the state....
Like physics and economics, reality eventually dominates.
And it won’t be pleasant.