All very nice and well...in Germany we had to retire at 65 (JAROPS) which was nice, cause the state pension would start at 65 (which I and my employers pay towards shiploads of money).
Now the state raised that age to be 67 and rumour has it that they plan to raise it to 70. What will I do in the 5 years in between? There is a lot of pilots without pensions from an airline, who need to cover this gap in one way or another...