So I have an great idea for those at Air Canada anyway
Whomever stays beyond 60 states how long they wish to remain for beyond 60 as they approach 60. They sign a contract that specifies whats best for that person for how much longer the wish to stay. They must contribute to the pension however to keep the pension plan in good shape as our current plan is based on pilots retiring at 60.
For every pilot signing a contract to stay beyond 60 another pilot is allowed to retire early without penalty. Ie one pilot wants to go 3 years past 60 another is allowed to go 3 years early no penalty.
If the pilot signing the contract to go past 60 retires prior to the date he wanted to go to in the contract he signed then he pays a penalty (same that one would have paid to retire early).
I'm sure we would find LOTS of guys wanting to go early and the whole thing would be equal thus not affecting the more junior pilots and not costing the company a thing!!!!
Everyone would be happy!!!