Pop-out Ignition Switch Not Popping!

[Pilotdave]

I'm having an issue with the pop-out switch on my '30 Tudor. Did a quick search and haven't found the answer yet, so here goes.

The issue is that the switch doesn't pop. I THINK it's stuck in the "in" position since I can turn the key and start the car. Have I got that right? And does anyone have advice on how to get the switch to pop "out" again?

Thanks!
Dave