Old age pension
Fund members may begin withdrawing their retirement pensions between the ages of 60 and 70. The pension is independent of other income and is paid to the end of life in accordance with the rights earned by the individual in question. Unlike private pension savings, old age pensions do not involve a specific amount that has been saved, but rather is based on the entitlements that people earn over the course of their working lives.
The general old age pension age is 67 years. If pensions are withdrawn earlier, they will be distributed over a longer period based on life expectancy, and the monthly payments will decrease correspondingly. Likewise, the monthly payment will increase if payments begin after the age of 67.
Fund members can receive pension payments concurrently with continued employment on the labour market.
You may be entitled to an old age pension from more than one fund. It is usually sufficient to apply for the payment of a pension from the fund into which the latest payments were made. The application will then be forwarded from the pension fund to other involved funds if you so request.