Dutch State Pension Age Increase Could Cut Pensioner Numbers By Half a Million
18 July 2012 (PLANSPONSOREurope.com) - Dutch plan sponsors may have to contend with up to half a million workers remaining in the workforce due to increasing the government’s decision to increase the Netherlands state pension age by 2023.
Figures from the Dutch national statistics office CBS reveal increasing the state pension age to 67 by 2023 will delay the pensions of 500,000 people.
Without the increased age limit, pensioner numbers would rise by 1.1m to over 3.8m by 2025, the CBS said. The CBS estimates the pension age will be 67.5 in 2025 due to the link to life expectancy.
In total, the changes will cut the national pension bill by €6bn from 2025, the CBS added.