Reforms to Dutch pension system agreed after years of talks

1 photo
Save Story

Estimated read time: 1-2 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

THE HAGUE, Netherlands (AP) — After years of talks, the Dutch government, employers and labor unions on Wednesday unveiled a proposed new pension framework to make it more sustainable as people live longer and swap jobs more often.

"We worked together to build one of the best pension systems in the world and now we've decided together to improve it," said Social Affairs and Employment Minister Wouter Koolmees.

One of the key changes is that the age at which workers can take their state pension will rise less quickly than previously planned and those with physically demanding jobs can stop work earlier.

The current state pension age is 66 years and four months. Under the new plan, that will be frozen until 2022 before rising gradually, in line with rising life expectancies.

Under the Dutch system, everybody receives a state pension and most workers also build up a private fund. The reforms aim to make it easier for self-employed workers to build up a private pension and for the large private funds to pay out more or less to their members depending on economic conditions.

Key opposition parties support the new deal, meaning the government can push it through parliament.

Before that happens, however, the country's biggest labor unions are giving members the opportunity to vote on the deal in an online referendum.

Han Busker, the leader of the largest union, FNV, said he supports the deal, but it remains to be seen if the union's one million members agree.

"We are not there yet," Koolmees said. "Our next task is to get the broadest possible support."

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast