People are retiring later, average age to stop work now hits 65
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People are retiring later, average age to stop work now hits 65

Photo: DutchNews  Photo: DutchNews

SINT MAARTEN/THE NETHERLANDS – The average age that Dutch workers are retiring hit 65 last year, a rise of five months on 2017, according to new figures from national statistics agency CBS.

In 2006, the average retirement age was around 61 but changes in the law in 2007 led to a sharp drop in the number of people taking early retirement. The rise in the state pension age, which began in 2013, has also had an impact, the CBS said.

This year, the official retirement age has reached 66 and four months. In 2006, 88% of people retired before they hit 65, a quarter of whom were 59 or younger.

Last year, just 34% of people stopped working before they reached retirement age and only 5% quit at 59 or earlier.

People working in healthcare, the energy industry, education and for the government are the most likely to take early retirement, the CBS said.

(DutchNews)

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