Retirement Flood Gate to Open Soon

I have heard a lot of people talk about the fact that public employees have it made by getting less in salary and more in deferred compensation in the form of retirement. I have observed something interesting. I have a lot of colleagues who could have retired but have remained as public employees because they enjoy making a difference. Many of these colleagues could in fact make as much, or more in retirement but they choose to work.

I just learned that there is a two month wait to see a benefits specialist about retirement. Do people have any idea on how much talent is going to be lost when people run for the retirement door? Why would anyone who is eligible to retire stick around if their compensation is going to drop 8%. And where do you suppose that retirement income is going to be spent? As the map below illustrates, over the past ten years, Dane County and the surrounding area hasn't been very popular. So not only will the business community feel the loss of 8% in discretionary income from public workers, they will also feel the complete loss of retiree's who flee the state.
See: http://www.ers.usda.gov/data/ruralatlas/atlas.htm#map