Parabellum:
When I joined my airline the age was 55. This was extended to 58 at company discretion. A little later we voted to extend the age to 60, same as the then FAA limit. One part of that extension was that if any pilot was to be made redundant the over 55s were first to go!
Our company is now 180 pilots overstaffed according to management but the young guys will be those that suffer!
In our company the current over 60 captains have had their cake for years and are now eating it! Even some to the extent of costing the company around $250K to endorse them on A380 for their last 2-3 years!
With a couple of million in super they still carry on while others suffer!