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Babyboomers in the Netherlands: What the statistics say - Cbs

Babyboomers in the Netherlands: What the statistics say - Cbs

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Work<strong>in</strong>g to older ages<br />

Accord<strong>in</strong>g to Statistics Ne<strong>the</strong>rlands’ forecasts, <strong>the</strong><br />

retirement age will be raised <strong>in</strong> 2025 (to 67 years)<br />

and <strong>in</strong> 2035 (to 68 years). A fur<strong>the</strong>r <strong>in</strong>crease to 69<br />

years is expected <strong>in</strong> 2045 or 2050, and a possible rise<br />

to 70 years <strong>in</strong> 2060.<br />

However, uncerta<strong>in</strong>ty surround<strong>in</strong>g <strong>the</strong> forecast of life<br />

expectancies also implies uncerta<strong>in</strong>ty with respect to<br />

future retirement ages. This uncerta<strong>in</strong>ty will <strong>in</strong>crease<br />

for younger generations. For people born before 1955,<br />

<strong>the</strong> retirement age will rema<strong>in</strong> 65 years. Those born<br />

later will have to work to at least age 66. If <strong>the</strong> rise <strong>in</strong><br />

life expectancy is slower than expected, <strong>the</strong>re is a<br />

chance that people born <strong>in</strong> <strong>the</strong> early 1960s may still be<br />

able to retire at age 66. But <strong>the</strong>y will probably have to<br />

wait until <strong>the</strong>y turn 67.<br />

Retirement after 70th birthday?<br />

Retirement ages will rise fur<strong>the</strong>r for <strong>the</strong> youngest<br />

generations, but so will <strong>the</strong> uncerta<strong>in</strong>ty. People born<br />

<strong>in</strong> 1975 will probably have to work to <strong>the</strong> of age 67, 68<br />

or 69. Those born <strong>in</strong> 1985 may expect to retire between<br />

ages 68 to 71 years.<br />

Today’s young workers may well be work<strong>in</strong>g <strong>in</strong>to <strong>the</strong>ir<br />

seventies.<br />

Possible pension entitlement ages<br />

100<br />

%<br />

75<br />

50<br />

25<br />

0<br />

2020<br />

2025<br />

2030<br />

2035<br />

2040 2045 2050 2055<br />

2060<br />

66 yrs 67 yrs 68 yrs 69 yrs 70 yrs<br />

71 yrs 72 yrs 73 yrs 74 yrs<br />

Baby boomers 33

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