Your welcome. Now that you have located the tab that pushes on the pin, run the compressor normally, but without the pressure switch cover off, and look and see whats actually happening when the compressor reaches set point pressure and stops. As mentioned in an earlier post, the tab may be missing the pin altogether. I also notice some adjustment on the unloader valve, if the pin is not central to the valve body, you may be able to align the pin to the tab with a bit of rotational movement. Just don't get to engrossed with the mechanism when the compressor is still plugged in to the mains, it's still live! If the switch connects and disconnects the contacts,i.e runs, stops, and runs again etc,etc, the spring mechanism that does all of this is ok, the tab is connected mechanically to the contact block, so moves in coordination with the opening and closing of the said contacts. Saying that, the pin should be spring return to close (usually a metal ball, held in place by a small spring against a seat to seal the head pressure, pin is then actuated to push against the ball and opening the head pressure to atmosphere). That ball and spring will be in the main body of the valve, under the teflon piece. The head pressure actually holds the ball firm, the spring just helps relocate it, and the pin unseats it at stop. I agree with 404 senior member 100%, get that cap replaced asap. In nutshell, if the pin is free and moves back to original position after being pushed in, then the tab just needs to be able to connect. If you do not see that tab moving, then yes, I would just buy a new pressure switch and save all the hassle, cheers, James