Later pension age will reduce pensioner total by 500,000
Tuesday 17 July 2012
Increasing the state pension age to 67 by 2023 will delay the pensions of 500,000 people, according to calculations by national statistics office CBS.
Without the increased age limit, the number of pensioners would rise by 1.1 million to over 3.8 million by 2025, the CBS said. The CBS estimates the pension age will be 67.5 in 2025 because of the link to life expectancy.
In total, the changes will cut the national pension bill by €6bn from 2025, the CBS said.