Applying for your deferred benefit at age 65

Current scheme legislation requires that your SSS deferred benefit must be paid to you if you:

• are aged between 65 and 70 and have stopped work altogether or are working less than 10 hours each week
• are aged 70 or over and have stopped work altogether or are working less than 30 hours each week.

If you decide to leave your benefit deferred in SSS after reaching your normal retirement age, the employer-financed component will continue to be adjusted with CPI. However, your pension will only be paid from the date your application is received by the administrator. If you apply after your normal retirement age, back payment to this date is not possible. Generally it is not in a member's best interest to defer benefits in the scheme beyond the normal retirement age. We recommend you obtain financial advice if you are considering this option.

For further information, please refer to SSS Fact Sheet 20: Contributions and benefits up to age 70.