Statistics Netherlands reveals jump in retirement age for Dutch workers

NETHERLANDS - The average age at which Dutch workers retire increased to more than 63 last year, according to Statistics Netherlands (CBS).

The retirement age between 2000 and 2006 was 61 on average, while the official retirement age is 65.

The CBS attributed the increase to a raft of legal changes introduced in 2006 to discourage early retirement.

Over the last five years, the number of workers who retire at 65 has doubled to 30%, it said, while the number of workers retiring before 60 dropped by 22 percentage points to 6%.

At 62.2 years, workers in the building industry and civil service retired the earliest, with employees in healthcare coming second at 62.4 years.

However, people who work in the arts or in the environmental sector - as well as in the agricultural or fishery industries - tend to work until they are almost 65.

Dutch employers and employees have agreed with the government that the official retirement age will increase to 66 in 2020.

Many expect the retirement age to be increased even further to 67 in 2025, as it is now linked with life expectancy.

Related images

  • Statistics Netherlands reveals jump in retirement age for Dutch workers

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2563

    Asset class: Mid & Small Cap Equities.
    Asset region: Global.
    Size: USD $130m.
    Closing date: 2019-09-27.

  • QN-2564

    Asset class: Large Cap Growth Equities.
    Asset region: Global Developed Markets.
    Size: USD $130m.
    Closing date: 2019-10-04.

  • DS-2567

    Closing date: 2019-10-02.

  • QN-2569

    Asset class: Local Currency Bonds.
    Asset region: Global Emerging Markets.
    Size: $500m.
    Closing date: 2019-10-10.

Begin Your Search Here