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.