Average retirement age rises above 65 for the first time in 2019

Last year, the average retirement age was above 65 for the first time, according to figures from the Central Bureau of Statistics. Employees retired on average by 65.1 years in 2019, 4 months later than people who (according to adjusted figures) stopped working in 2018.

Only a third of the workers retired last year before they were 65, where almost 90 percent of the workers were employed in 2006.

Share of pensioners

The age at which people retire is rising because the regulations have been adjusted in view of rising life expectancy.

Last year, the AOW pension age rose to 66.4 years. So, on average, employees stop before reaching that age.

The proportion of the retired population remains the same for a number of years under the influence of the rise in retirement age. Between 2001 and 2014, the share rose from 15.1 to 18.3 percent.

Working through

The people who retired in 2019 worked longer than 45-year-old workers now say they intend to. This is evidenced by a survey conducted by CBS and TNO among 58,000 people. The 45- to 65-year-olds want to continue working for an average of 64.5 years, whereas this group will have to retire later than the current pensioners.

Half of the respondents say they want to work longer, provided they have to work less hours or days.