You are correct.
Somebody else I know got his pension / redundancy at 57 after 40 years of service.
He then went to work for Sandwell Council and built up a nice pension there as well.
He had all of his council salary paid in to the council pension scheme and he lived on his pension from his previous employer and savings,
A good man obviously. Reticular pension plans are obviously the way to go, hope he lives long enough to indulge his wealth, but even if he doesn't;
1) He had the security of knowing he was OK in later life
2) He was independent and would never sink to begging or benefits
3) Although you haven't said it, he can hold his head up high, should he ever be on the Start line at the Gates of the 4am ensemble
Such values are priceless, as you of course understand Brian?