Similar for me. I wanted to stay with BT until I was 60 with 42 years service, but could see the generous redundancy scheme wouldn't last for ever as it clearly aimed attempting the large number of 50 somethings. In the last quarter of 2007 they missed their voluntary redundancy target, so offered a one 25% enhancement, so I took it at the age of 54.
I went to an agency who found me less onerous work for a better package. The following March BT have the benefits of their voluntary redundancy package, do luckily, I "maxed" it.
I realise how lucky I have been to work when I did, and feel sorry for people working today, who have much reduced pensions for which they take all the risks of future financial performance. Nothing will change unless it is for the worse until there is an undersupply of the Labour market.