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Netherlands — Young workers would rather work for longer than have their pensions cut

30 March 2010
A new survey among 550 employees in The Netherlands with an average age of 32 carried out by staffing agency Unique (part of USG People) reveals that young Dutch workers would rather continue to work after the current retirement age than have their pensions reduced.

When asked what they would prefer to do in a situation where there is an acute shortage in the nation's pension funds, 30% of respondents said they would prefer to work for longer in their lives. Only 11% said they would prefer to have their pensions cut.
 
34% could not relate to the question at all because "it is all too far away" and they felt too young to think about the question. 25% said they would prefer to pay higher pension fund contributions.
 
Unique's General Manager Jeannine Peek said, "in spite of all the criticism about the introduction of a higher retirement age, people still prefer to work for longer in a case where pension funds are not sufficient. In general, people are not that concerned about their retirement when they are young."
 
The Dutch government has recently decided to up the retirement age from 65 to 66 in 2020 and then again to 67 in 2026. Workers will still be able to retire at 65 in return for a lower pension.

 

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