Deal nears on pension age increase

The governing coalition is close to reaching a deal on how to increase the state pension age from 65 to 67, according to media reports on Wednesday.

Sources in the Hague say ministers want to increase the state and corporate pension age to 66 in one go in 2020. A further increase to 67 would then be phased in over the next six years.
Originally, ministers had planned to phase in the increase from 2016, but that has proved to be too complicated.
Moves are also being made to allow people who have worked for 40 to 45 years to retire at 65 for a smaller pension. The aim of this is to encourage people to stay at work, the Volkskrant said. Only 13% of people aged 64 are still working in the Netherlands.
The paper says ministers want to give unions and companies time to prepare for the changes and to come up with ways of reducing the pressure on people doing heavy work. There are no plans to come up with a list of jobs which would allow people to retire early, the paper says.
The government hopes increasing the state pension age will save €4bn a year.
The talks between ministers and ruling party leaders will continue today. The cabinet hopes to have finalised the plans by Friday, before the autumn holiday break.

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