Babyboomers in the Netherlands: What the statistics say - Cbs
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