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I'm only 10 years out of school, and I was struck with a similar "I don't remember how to do this / I don't remember ever having this in the first place" feeling. That said, it's probably a better question of whether or not the license is worthwhile for what you do or where you want to progress. In my case, it's (currently) useless. My company does not sign off on their own drawings, and has no desire/intention to start even if some of us got the PE. Most jobs I'd like to do fall into that same category... either the company doesn't want the liability of self-signing, or they'll go to a discipline specialist for their needs.

That said, there are some fields (architecture and civil engineering, forensic analysis, court-recognized "expert" testimony) where the PE is a hard and fast requirement. Whether or not you're going there, only you can say.
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