Babyboomers in the Netherlands: What the statistics say - Cbs

egulates a number of adjustments to the age of
pension entitlement, and the amounts and funding
of supplementary pensions and the state pension.
One of the proposals is to raise the age of state
pension entitlement and retirement from 65 to 66
years on 1 January 2020. After that, changes in
remaining life expectancy compared with the level in
2000–2009 will be monitored every five years to
establish whether a further rise in retirement age is
justified.
This procedure means that the age of pension
entitlement will follow step by step the development
of remaining life expectancy at age 65. A substantial
increase in remaining life expectancy will have a
limited effect, as the age of pension entitlement will
be raised by a maximum of one year in every fiveyear
period. Reduction of the age of pension
entitlement is not an option: if life expectancy
decreases, pension ages will not be lowered.
Statistics Netherlands’ forecasts predict that
remaining life expectancy at age 65 will rise to
22.9 years in 2060. This is 4.7 years longer than in
2000–2009. As the ages are rounded off, this would
result in an increase in the age of pension entitlement
by four years, to 69 years.
Retirement ages
%
100
80
60
40
20
0
2003
2004 2005 2006 2007 2008 2009
2010 2011
younger than 60 yrs 60 to 62 yrs 62 to 65 yrs 65 yrs or older
32 Statistics Netherlands