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Pension age increase plan will not help government finances

Saturday 25 September 2010

Suggestions on how to increase the state pension age to 66 by 2020 drawn up by unions and employers earlier this year, will not have 'any significant effects' on the government's finances, the macro-economic forecasting agency CPB is quoted as saying in Saturday's Volkskrant.

The union employer plan is widely thought to have been incorporated into the three-party coalition agreement currently being worked out between the right-wing Liberals VVD, the Christian Democrats and anti-Islam PVV.

The PVV opposes an increase in the state pension age but the VVD and CDA both support a rise from 65 to 67. The union employer deal was considered to be a good compromise.

Tax break

The only benefit to the treasury from the plan is that several tens of millions of euros would be generated by reducing the tax break on pension premiums, the paper said.

The VVD, CDA and PVV are committed to finding €18bn to boost the government finances and get the budget deficit under control.

The union employer agreement would involve a further increase in the pension age, depending on life expectancy rates, in 2030.

© DutchNews.nl


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Readers' comments

Practically speaking, how many people over the age of say 60 are at work in your office or workplace? All the NLer's over around 60 that I know are receiving unemployment benefits and sitting at home. These benefits are paid for by our taxes. This supposed change in the age you may collect your pension benefits will have almost no effect on the national budget.

By Bill | September 25, 2010 2:56 PM


Didn't they work this out before they announced the age increase to the public? One wonders if they really know how to manage the countries financial affairs, scary!

By Andy | September 25, 2010 3:56 PM


I humbly question "the macro-economic forecasting agency CPB". Where is this asseesment is coming from-except as "hearsay" like. They are being "quoted". Give us the facts and calculatioins so we can judge better.

By anne | September 27, 2010 6:41 PM


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