Netherlands

Basic country data

  • Population 60 and over (2018)
  • 4,357,820
  • % of total
  • 25.5%
  • Population 60 and over (2050)
  • 5,908,211
  • % of total
  • 34.6%
  • Does the country have a social pension?
  • Yes
  • Region
  • Europe & Central Asia
  • Income group
  • High income

Data on social pensions

Old-age pension

Basic scheme information

Data on social pensions

  • Name of pension or programme
  • Old-age pension
  • Year first social pension introduced
  • 1957
  • Administrative Organisation
  • Ministry of Social Affairs and Employment
  • Legislative Underpinning
  • General Old Age Pensions Act

Eligibility criteria

2015

Government of the Netherlands: Q+A on Basic Old Age Pension

Government Webpage AOW pension rates

Adequacy

  • Monthly benefit (local currency)
  • 1,113.56 Euros
  • US$
  • 1,201
  • % of GDP per capita
  • 33.5%
  • $ PPP
  • 1,371.4
  • % of $1.90 poverty line (PPP)
  • 2,373%
  • Local amount detailed/other benefits
  • 1,113.56 Euros for an individual. This does not include the holiday allowance. Different amounts available for couples and those with dependent children. Amount is reduced by 2% for every year between the ages of 15 and 65 living outside the Netherlands.
  • References and notes

Coverage

2015

HelpAge calculation

Cost

  • Total cost (local currency)
  • 41,844,021,408 Euros
  • Cost as % of GDP
  • 6.2%
  • References and notes

Resources on the pension in Netherlands

Social pensions database

Explore the Social pensions database

Calculator

Calculate the cost of a universal pension in your country