The proportion of people from the Netherlands receiving full state pension benefits is on the decline, according to the latest figures from the Social Insurance Bank.

Of the 3.6 million Dutch people receiving a state pension, 19 per cent did not receive the maximum level of benefits in the second quarter of this year.

The proportion of people receiving reduced state pension benefits has been rising faster than the proportion receiving full state pension benefits in recent years.

Dutch pension fund PFZW noted that the primary reason for people not receiving a full state pension was living abroad.

In the Netherlands, people who have temporarily lived abroad or came to the Netherlands at a later age do not receive full state pension benefits.

For every year they have not lived or worked in the Netherlands, their state pension is reduced by 2 per cent.

Dutch people accrue a full state pension benefit if they have lived in the Netherlands for the 50 years before state pension benefits commence.

More than 677,000 people received a reduced state pension in the Netherlands in Q2 2023.

On average their state pension benefit was cut by 43 per cent.

Almost half (46 per cent) of pensioners who do not receive the maximum state pension benefit live abroad.

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