People in the Netherlands retired on average five months later in 2017 than they did in 2016, as the state pension age continues to rise.
Last year, the average retirement age was 64 years and 10 months, the national statistics agency CBS said on Wednesday. At the beginning of this century, the average retirement age was 61.
Just four in 10 workers retire before they reach the age of 65, compared with almost nine in 10 in 2006. The state pension age has been increased steadily since 2013 and will reach 67 years and three months by 2022.
The CBS figures also show people with a college or university degree are likely to retire 10 months earlier than manual workers.
‘This is all to do with affordability,’ CBS chief economist Peter Hein van Mulligen told the Telegraaf. ‘It costs a lot to be able to retire at 63 and people with lower levels of education cannot allow themselves to do this.’
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