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Germany can study this from different nations relating to pensions

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Germany can study this from different nations relating to pensions

The Dutch pension system is predicated, however, on the General Pension Insurance Act (AOW). Employees pay into this authorities insurance coverage, however all residents are entitled to a pension. How a lot you get is determined by the size of your keep within the Netherlands and your dwelling state of affairs. The retirement age has now been raised to 67 years. This state pension is paid for by contributions, however the state compensates for the deficit if vital.

Also learn: Dutch individuals get extra pension than wage – how does it work?

On the opposite hand, there’s a firm pension. About 90 % of workers get it. On common, employers pay two-thirds of contributions and workers pay one-third. There are additionally particular person pension insurances. About 10 % of employees don’t have any firm pension and depend on further state advantages of their previous age. There is at present a threat of battle with the unions as a result of the early retirement guidelines shouldn’t be prolonged to exhausting working individuals.

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