Baby boomers reach retirement age

5th December 2011, Comments 0 comments

The government is facing increased spending on old age pensions as the first baby boomers are entering retirement.

Figures published by the Dutch statistics office show that the first group of baby boomers to reach retirement age caused a substantial increase in benefits payments in the first six months of this year. Baby boomers are defined as people born during the baby boom that occurred between 1946 and 1964.

The Dutch government spent 15.8 billion euros in old age pension benefits, an increase of six percent over the same period in 2010. The increase is also substantially bigger than in previous years.

© Radio Netherlands Worldwide

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