The retirement pension is paid every month for as long as you live. The monthly payments are taxed as personal income. Your children may be eligible for children’s pension when you start receiving retirement pension.
When can I start receiving the retirement pension?
You can have the retirement pension paid when you reach age 60 if the pension scheme was established before 1 May 2007.
If the pension scheme is established after 1 May 2007, the retirement pension can be paid five years before you are eligible for state pension.