Should I go from federal government employee and start collection my current pension and go to work as a contractor?

Should I go from federal government employee and start collection my current pension and go to work as a contractor? Current situation: Working as a federal government employee (40 years) with a $176k/year salary. The federal government has pension (FERS) with a basic annuity formula of 1% of an employee's "high-3" average salary (in my case 1.1% because I’m older than 62 with over 20 years of service) multiplied by their total years and months of service. The...

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