What is the AOW Retirement Age?
The AOW retirement age is the moment at which you become entitled to your AOW pension benefit. This age has increased in recent years and is linked to life expectancy. For 2024, the AOW retirement age is 67 years.
AOW Retirement Age by Year of Birth
| Born in | AOW retirement age | AOW starts in |
|---|---|---|
| 1957 | 66 years and 7 months | 2023/2024 |
| 1958 | 66 years and 10 months | 2024/2025 |
| 1959 | 67 years | 2026 |
| 1960 | 67 years | 2027 |
| 1961 and later | 67 years (depending on life expectancy) | 2028 and later |
How Do You Calculate Your AOW Retirement Age?
SVB Calculation Tool
Via the website svb.nl, you can easily calculate your exact AOW start date. Enter your date of birth and receive immediately the exact date on which your AOW begins, accurate to the day.
Relation to Life Expectancy
The AOW retirement age is adjusted based on life expectancy:
- One year of additional life expectancy means 8 months later AOW.
- Maximum increase per year: 3 months.
- The age is definitively set 5 years in advance.
Stopping Work Earlier?
Are you considering stopping work before your AOW retirement age?
- Your AOW does not start earlier.
- You must financially bridge the period until the AOW retirement age yourself.
- Options: own savings, early retirement, or an RVU scheme.
- Note: no unemployment benefit (WW) shortly before the AOW retirement age.
Continuing to Work After the AOW Retirement Age
If you continue working after your AOW retirement age:
- Your AOW benefit does not increase.
- Additional pension accrual is often possible.
- Tax advantage: you no longer pay AOW premium.
Can I Defer My AOW?
No, the AOW starts automatically at your AOW retirement age. Deferral for a higher benefit is not possible.
What If I Become Unemployed Shortly Before My AOW?
In that case, you may be eligible for an IOW benefit (Income Provision for Older Unemployed Persons) instead of WW.
Will the AOW Retirement Age Go to 68 or 69 Years?
This may happen in the future, depending on life expectancy. Any increases will be announced in due time.
Frequently Asked Questions about AOW in Zoetermeer
How Do I Know the Exact Start Date of My AOW?
Your exact AOW date depends on your date of birth. Using the calculation tool on svb.nl, you can calculate this accurate to the day. The date is set five years in advance by the Social Insurance Bank (SVB).
Is Early Retirement Possible?
Yes, you can stop working earlier, but your AOW starts only at the official age. You must finance the intervening period yourself, for example via savings or an early retirement scheme. No WW is possible shortly before the AOW retirement age.
What If I Continue Working After My AOW Retirement Age?
You receive your AOW benefit normally, without increase. However, you can build up additional pension and benefit from tax advantages because you no longer pay AOW premium. Consult your employer or pension fund for the options.
What is the IOW and Who is Eligible?
The IOW (Income Provision for Older Unemployed Persons) is a benefit for older unemployed persons who no longer qualify for WW shortly before their AOW retirement age. You may qualify if you become unemployed between age 60 and your AOW retirement age and meet the conditions, such as a certain employment history.
How is the Future AOW Retirement Age Determined?
The AOW retirement age is linked to life expectancy. For each year increase in life expectancy, the AOW retirement age increases by eight months, with a maximum of three months per year.
Help with Legal Questions in Zoetermeer
For questions about AOW or other legal matters, you can contact the Juridisch Loket Zoetermeer. In addition, Zoetermeer falls under the jurisdiction of the District Court of The Hague for any legal proceedings.