From a Reserve point of view:
I hit CRA on 5 Aug 07, so no chance to continue on with any CF element. Just turned 15 when I joined (said I was 16). Did a fair bit of full time service. Bought back the pension (extremely expensive due to the 7% compound interest).
Speaking to ADM Fin (CS) and DAPPP often, there are more Regular Force releases than anticipated. As far as the number of Reserve pers releasing, only one is currently receiving a pension. I may be number two. They are short staffed, regulations were rushed through(CMP was trying for another extension 1999 - 2008), new staff. They are good folks, trying there best. They are busy with Reserve pers opting in to buy back pension.
I keep busy as the editor of our twice a year regimental magazine, committee work for next years 125th, secretary of a military institute, volunteer at a hospital, and of course fighting VAC (endlessly).
My CBG HQ screwed up my release, completing it late (even when I kept after them to get it done), not getting the Release Auth signature, etc. File went Wpg/Ottawa/Wpg/Edm. Still has to go Edm/Wpg/Ottawa. Release Auth busy man of course, so who knows when his signature will be affixed. So I have not been released yet, therefore they cannot complete my file/process pension. Hoping for end Dec. Wife worried! Check Lotto tickets often.