Retirement...umm, that's a good idea but the implementation can be better...currently it seems more like a Suspension or CRS (Compulsory Retirement Scheme) and not like VRS (Voluntary Retirement Scheme).
Let me analyse the current situation:
PagalGuy: Currently very active...but may not find too much time if he decides to go to Wharton. We'll need an Admin too and one of the current senior mods will be the best person to take up that position.
uRmad: Very Active
zango: Very Active
Maverick: Hyper Active
Wayne: Active, it's difficult for him to find time because of MBA
reachmonil: N/A (New)
Govi: N/A (New)
Simba: Active, but may find it difficult to handle the load of managing two websites along with her education.
Chandoo: Not very active since long, may not find time once he starts working. But given the company that he is joining, he can sure make a comeback...watsay Anil bhai
TheAkshaT: Rarely online, too much workload maybe
Oxymoron: Online occasionally, too much workload here too
NOTE: The analysis is not meant to offend any of the Moderators...they have done really great work for the forum and all of us love them for the service that they have done for the forum...this is just an analysis of the current situation
I think it would be best if Allwin personally talks to the inactive/less active Mods and let them take the decision themselves. Now, if some of the Mods have to retire, they will do so because they do not have enough time for the forum (because of workload or any other reason)...and if they do not have time for Modgiri, they may not have time for any of the other activities that have been mentioned on this thread also.
The best solution in my mind is "Voluntary Retirement" and a place in the PG Hall of Fame for these Mods. We need a page on the forum that mentions all the Moderators, the Editor(s), the Marketing head(s), the Create-asurs and the Legacy Modz
@all those who nominated me: Thanks a ton, but I don't want to retire within two months of joining

I shall be joining my new job in June and I don't think I'll be able to do justice to either of the jobs, so no point in making promises that I can't keep. I won't retire from the forum like Iceman, but visits to the forum may get restricted to weekdays and national holidays.