That is hard to say and will depend on the individuals past investment in the property market.
I have to say I was very surprised that the Ex SNCO in question turned down my offer of part time employment stating that he did not require the income.
May be after a few months of retirement he will get bored because I would hate to see his talents go unused
Well seeing as though he doesn't want the job maybe offer it to some one else who has just been made redundant