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    Strong increase in retirement

    The Netherlands Central Bureau of Statistics (CBS) has stated that the number of employees who retired in 2020 was a staggering 30% higher than in 2018 and 2019. Last year, over 94,000 employees decided to call it a day and retire. The fact that the number of people who retired in 2020 is so much higher is partly due to the fact that the state pension age was not increased last year. As a result, more people were eligible for a state pension in 2020 than in previous years. The state pension age was not increased due to agreements made in the ‘pensioenakkoord’ (Agreement on Pensions). These agreements had been quickly incorporated into national legislation, essentially ‘freezing’ state pension age. This also means that the state pension age for 2021 will not change: it is set at 66 years and four months of age.

    Data

    According to CBS, another cause for the drastic increase in retirements could be the economic crisis as a result of the coronavirus pandemic. However, the bureau was unable to prove this claim through any of the available data. The average age of employees who retired in 2020 was 65.5. In 2019, it was 65.

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