If you have your 25 years and Hi 5, this plan is an awesome deal. You get additional years tacked on the end, and more incentive to work through your retirement years if that is something you want.

If you do not have 25 years nor your hi 5, you could be really screwed, unless you are a very young new hire.

So this plan is designed primarily for those guys ready to walk out the door in the next few years, as a parting gift. As an effect, the very young could, (could) have the ability to increase their retirement. The middle get to buy either the proverbial retirement cake or the silver spoon for the two ends of the seniority list.