Population of the Netherlands 2023, by age

As of January 1, 2023, there were approximately 3.8 million people younger than 20 years living in the Netherlands. The largest age group was formed by those between 40 and 65 years old. Together, this age group numbered nearly six million people. The retired population of the Netherlands consisted of approximately 3.5 million people. Considering this make-up of Dutch society, it is not surprising there are so many debates on increasing the retirement age. The ratio of the non-working population to the working population has decreased between 1950 and today.

Old age pensions grew steadily

When reaching the retirement age, there is an insurance scheme which covers everyone who lives or works in the Netherlands, regardless of nationality. This basic pension scheme is called AOW (National Old Age Pensions Act), though for those who have not lived in the Netherlands for a full 50 years, the pension is proportional. Between 1998 and 2019, the number of old age pensions grew steadily, reaching a total of 3.42 million pensions in 2019. As of the same year, disability pensions had approximately 3.84 million members, which is an increase of 276,000 pensions compared to the previous year.

Decrease in company pension funds

The number of company pension funds decreased drastically over a period of 21 years. In 1997, 957 pension funds by companies were registered, whereas by 2019 this decreased to a total of just 148 company pension schemes.