US EditionAging Population: Tax Money Funded over Half of Dutch State Pension Benefits Last Year
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More than half of the AOW benefits were paid with taxpayers last year. This is because premium income covered the General…
More than half of AOW benefits were paid with taxpayers last year. This is because premium income is increasingly insufficient to cover the General Old Age Pensions Act (AOW) benefit, according to figures from Statistics Netherlands (CBS). People with an income in the Netherlands pay premiums for, among other things, the AOW benefit for retirees. The amount of this benefit depends on whether someone is single or cohabiting, and how long they hav…
Seniors are increasingly contributing to their own state pension (AOW) benefits. While these benefits used to be paid entirely from AOW premiums, last year—for the first time—they were funded by more than half from tax revenues.
Managed migration seems to be the best way to maintain the pension system. Italy has admitted almost 244,000 foreigners in the last year alone.
Aging population: Tax money funded over half of Dutch state pension benefits last year
Last year, for the first time, over half of the Dutch state pension benefits (AOW) were funded with tax revenues. Due to the aging population, premiums from workers are covering less and less of this expense, Statistics Netherlands (CBS) reported on Wednesday. In 2024, AOW accounted for almost 6 percent of government expenditure, compared to virtually 0 in 2000.
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