You get x3LP(three times) for retiring if below gen 16
You get x4LP(four times) for retiring when gen 16+
loom point cost formula when starting with +0 item=Wanted loom level squared
| | Current loom lvl | Cost to get +1 | Cost to get +2 | Cost to get +3 |  | 0 | 1 | 4 | 9 |  | 1 | 0 | 3 | 8 |  | 2 | x | 0 | 6 | 
 As you can see this won't lead to increased play time to get a +3 item, in fact gen 16+ will get a 33% LP point boost per retirement.
 
 "possible" future side effects:
 LP cost to respec without xp penalty=Level-30(minimum 1)
 Scrap loom to get one third(1/3) LP back.
 increased price difference on +1, +2 and +3 items on market.
 Pay 3 LP to start at lvl 25 after retiring.(Rise of the loom factories!)
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