As a general rule, members begin to draw a pension at age 67. You can postpone taking your pension, in which case the amount increases with each month after you reach 67 years of age. You can postpone drawing your pension up until age 80. If you begin to draw your pension at age 70, the amount increases by 24.7% and by 222.9% at 80 years of age. You can begin to draw a pension at age 60 at the earliest. The amount decreases, based on how many months before the age of 67 you receive pension payments.
Once a fund member has decided to begin drawing his/her pension, e.g. at 67 years of age, the first pension payment is made on the last working day of the month the member reaches that age, i.e. the month of his/her birthday.