Postponement rule

The postponement rule is relevant if you would like to retire early and were born in the period from 1 January 1956 to 30 June 1959.

If you retire early as soon as you receive your early retirement certificate, you will be eligible to receive 91% of the highest early retirement benefit rate. If you wait, you will be eligible to receive 100%. 

How long you need to wait before retiring early in order to obtain the highest early retirement benefit rate depends on when you were born.

The postponement rule also affects how the tax-free premium is earned.

You were born in the period

This is how long you must wait before retiring early

This is the minimum number of hours you must work in the period

As full-time insured

This is the minimum number of hours you must work in the period

As part-time insured

1 Jan 1956 – 30 Jun 1956

1½ years

2,340 hours

1,872 hours

1 Jul 1956 – 31 Dec 1958

1 yr

1,560 hours

1,248 hours

1 Jan 1959 – 30 Jun 1959

½ yr

780 hours

624 hours

 

If you were born after 1 July 1959, another rule applies. This rule is called the two-year rule.

Read more about early retirement