You can choose when to retire and having an idea of when you want to retire will help you to plan
You can take your Employee Pension Plan savings from age 60 (or age 55 if you have the right to retire from this age).
If you have not started to take your savings by the time you are 70 years old, they will be paid automatically. In the event of your death, the payment would be made on the request of your beneficiary.
Remember, the earlier you start to take your retirement savings, the less time you will have had for your account to grow from contributions and investment returns, so you may not want to take your savings as soon as you are eligible.