When will your pension start?

You decide when you want to retire. When considering retirement, it makes sense to use the statutory retirement age as a guide. In this case, your pension will start on the first day of the month in which you receive your statutory old-age pension. 

  • This is why we will inform you about your pension six months before you reach your statutory retirement age. However, you also have the option of retiring earlier or later. You can retire from the age of 55. Your pension must commence within five years of you reaching your statutory retirement age.
  • Six months before you reach your statutory retirement age, you will receive a letter from us asking you to apply for your pension. 

You can find out when you will receive the first payment from your first statutory old-age pension on the website of the Social Insurance Bank.