Nat Wei (the former Big Society advisor) is urging retired people to take up volunteering.
According to the BBC:
"Retirees who take part in the service might be expected to volunteer, or work part-time in so-called social enterprises."
"New retirees would take part in a programme of seminars before they begin national retirement service. Lord Wei hopes they will take place on cruise ships and at National Trust properties."
The scheme is expected to be funded by charities and the private sector.