Thank you! It's the same way here with our Social Security program. We have age-limits for collecting based on birth year. I can begin collecting that at a reduced rate when I turn 62 or wait until I'm 67 for the full benefit. Thankfully the one I just applied for is a private pension. That's nice you can withdraw it as a lump sum! I imagine putting that sum into even a reasonably conservative investment would grow it quite a bit.