The state pension age will not increase until 2022. After that, the state pension age will increase to 67 in 2024. This is now regulated by law. The state pension age will then increase by eight months if life expectancy increases by one year.
The new rules for the state pension age will enter into force on 1 January 2020. Anyone who is at least 66 years and 4 months old on that date will receive state pension (AOW) as of that date. That was 66 years and 8 months. The state pension age will not increase again until 2022:
Year | State pension age according to the old rules | State pension age according to the new rules |
2020 | 66 years and 8 months | 66 years and 4 months |
2021 | 67 years | 66 years and 4 months |
2022 | Linked to increase in life expectancy | 66 years and 7 months |
2023 | Linked to increase in life expectancy | 66 years and 10 months |
2024 | Linked to increase in life expectancy | 67 years |
What about your pension from Astellas Pension Fund?
Your pension from Astellas Pension Fund has a different target age. This is 68 years of age You do not have to retire at this standard retirement age: you can opt to have your pension commence earlier or later. However, you do not have that option for your state pension (AOW), as this commences once you reach state pension (AOW) age. If you want your Astellas Pension Fund pension to commence later, you can defer it for up to five years after your state pension (AOW) age.
Agreements regarding the new pension system
The government, employers, and trade unions made agreements for a new pension system. The new rules for the state pension (AOW) age are based on these agreements. The new rules are laid down in the ‘Wet “Temporisering verhoging AOW-leeftijd”’ (‘Postponement of an increase to the state pension age’ Act). The Dutch Senate adopted this law on 2 July 2019.