IconUnderstand the key pension terms 

When can you have your pension benefits paid?

The time for payment of state pension benefits and early retirement benefits depend on your age.

The younger you are, the older you must be to qualify for payment of state pension benefits and early retirement benefits. 

  • If your pension scheme is set up before 1 May 2007, you can start receivng retirement pension benefits from P+ when you reach age 60 (earliest retirement age).
  • If your pension scheme is set up between 1 May 2007 and 21 December 2017, your earliest retirement age is 5 years before your state pension age.
  • If your pension scheme is set up after 1 Januar 2018, your earliest retirement age is 3 years before your state pension age. 

State pension benefits and early retirement benefits
The time for payment of your state pension benefits and early retirement benefits depends on your age. The state pension benefits age is continually determined, latest in autumn 2020. Hereafter every 5 years. 

The table below shows the state pension age and the maximum number of years for payment of early retirement benefits. The early retirement benefits are discotinued when you reach the state pension age. 

Year of birth

State pension age

How many years can you receive early retirement benefits?

1953 - 2. half year

65 years

5 years

1954 - 1. half year

65 ½ years

5 years

1954 - 2. half year

66 years

5 years

1955 - 1. half year

66 ½ years

5 years

1955 - 2. half year

67 years

5 years

1956 - 1. half year to 1958

67 years

4 ½ years

1959 - 1. half year

67 years

4 years

1959 - 2. half year to 1962

67 years

3 ½ years

1963-1966

68 years

3 years

1967

69 years

3 years

If the life expectancy continues to rise, the state pension age will increase which results in an increased earliest retirement age.