State pension age stays at 67 years and 3 months in 2032
New life expectancy figures mean no further rise in the AOW age in 2032, Social Affairs minister Hans Vijlbrief told parliament, so people born between October 1964 and September 1965 now know their retirement age.
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Illustrative photo: 127071 / Pixabay Content LicenseThe AOW state pension age will stay at 67 years and 3 months in 2032, Social Affairs minister Hans Vijlbrief wrote in a letter to the Tweede Kamer. The age is set five years ahead.
Why it matters
- People born between 1 October 1964 and 30 September 1965 now know when they will receive AOW.
- The AOW age is 67 up to and including 2027, and 67 years and 3 months from 2028; it does not rise further in 2032.
The decision follows automatically from the life expectancy projection of Statistics Netherlands (CBS) for 65-year-olds. CBS projects that people turning 65 in 2032 will live another 21.08 years (21 years and 29 days). That is a small increase on 2031.
Life expectancy is still rising, but more slowly than before. Last year's projection for 2032 was 21.14 years.
On Prinsjesdag, the day the budget is presented, the cabinet removed a proposed direct link between the AOW age and life expectancy from the budget. The existing rule stays in force: the AOW age rises by eight months for each extra year of life expectancy.
Source: Rijksoverheid
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