When can I start drawing my occupational pension?

The earliest an employee can start drawing his or her occupational pension is at the age of 55. The occupational pension is then paid monthly and cannot be stopped, nor can any changes be made to their pension savings.

Starting the payment of occupational pension early means that the monthly amount will be lower. This is because the payment will be made over a longer period of time. In addition, early payment of occupational pensions requires, in many cases, a higher tax payment.

For those who start drawing their occupational pension at the age of 55, the possibility of working and drawing their pension at the same time is opened up. For an employee to be able to draw his or her occupational pension and work at the same time, the employer and the employee must agree that the employee can reduce his or her working hours. The employee must reduce his/her working hours by the amount he/she chooses to withdraw.