Herod, I do not know what your licence says but my EASA ATPL, renewed earlier this year at age 66, states 'This licence shall remain in force for the holder's lifetime unless revoked, suspended or varied. The privileges of the licence shall be exercised only if the holder has a valid medical certificate for the required privilege.'
As I renewed my class 1 medical last week I intend to continue using the licence for some time yet and am in the process of adding an additional rating.
I wonder what the reaction of current 'Corporate' pilots and the over 65s in Australia and New Zealand will be?