On June 02 the Dutch Senate adopted an amendment to the country’s retirement law (AOW) treating the official retirement age, one of the pillar’s of the Dutch retirement system. The text accelerates the timing of a previous reform on raising retirement age so that now the official retirement age will increase by 4 months a year rather than the current 3 until it reaches 66 by 2018 and 67 by 2021. Further extensions may be forthcoming depending on developments in life expectancy.
Retirement age will progressively increase for those born between September 1950 and 1956. The FNV and CNV union confederations have made it clear that the rises will only add to problems the labor market is already facing as well as to the high unemployment rate. The confederations have criticized successive government reforms. Social partners had already agreed raising the State pension age between 2020 and 2025 and unions accepted this on the proviso that people had the time to prepare for t
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