Now the beauty of it is, all you do is retire from the company you have worked for. In Europe at least there is nothing stopping you from flying for another airline (probably low-cost, or charter) until the ultimate age (for the time being) 65 comes up. I know of plenty of examples of people who have done this. And if you have worked for an honorable and good company you get your pension and the wage from your next job. You take with you a wealth of experience, and probably a type-rating. A win-win proposition.
O - This is fine for those of you in the first level operations - what about those that are already in the low cost/charter operators that you are moving to - you are then degrading the conditions for those people because you are comming in with a pension and accepting a lower pay level because you are only doing it to top up your pension - and those around you have probably
not built up the same pension provision. It is a win/win situation for you and the operator, but
not for those who have been stuck in this sector - often through no fault of their own and who may have been throgh many changes of company due to the volatility of this sector.