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State pension age remains 67 years and three months in 2032

State pension age remains 67 years and three months in 2032

The Dutch state pension age will remain set at 67 years and three months for the year 2032. This decision is based on revised life expectancy data from Statistics Netherlands, which shows a slower growth in longevity than previously expected.

The statutory retirement age in the Netherlands for the state pension, known as the AOW, will remain fixed at 67 years and three months throughout 2032. This decision follows updated life expectancy projections from the national statistics office, Statistics Netherlands (CBS), which indicate that the anticipated lifespan of 65-year-olds in 2032 will be approximately 21 years. While life expectancy has been increasing since 2022 following a decline during the pandemic, the rate of growth has been slower than previous models had anticipated.

The retirement age is determined five years in advance based on these demographic projections. While the age will rise to 67 years and three months starting in 2028, it will not increase further through 2032. Under current legislation, the pension age can only be raised in increments of three months and cannot be lowered, regardless of fluctuations in life expectancy trends. This update provides official clarification for individuals born between October 1, 1964, and September 30, 1965, regarding when they become eligible for their state benefits.

Based on reporting by nu. Translated and condensed by LocalHeadlines.

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