For those born before 1970 with accrued service time:

The pensionable age is 60 for those with at least 120 months of sea service (10 years) after turning 40. Before reaching age 62, it is assumed that you have ended your sea service. If you have less than 120 months of service time after age 40, your pensionable age will be deferred by one month for every two months you are short of the 120-month requirement after age 40. If you have no service time after turning 40, the pensionable age becomes 65.

For those born on or after January 1, 1970, or who began seagoing service for the first time on or after January 1, 2020:

You can start drawing your pension from the month you turn 62 up to and including the month you turn 70. This means you are free to choose when you want to start receiving your pension within this period.