Since 2021, the Pensionable Age has been set at Age 65.

Notwithstanding the Pensionable Age, provisions have been made whereby persons, who wish to do so, can opt to receive their Age Pension earlier than Age 65. In that regard, age 60 shall remain the age at which Age Pensions first become payable, but at a reduced rate of 0.5% per month for every full month prior to the Age of 65 that the benefit is taken.