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BenefitsAmount of benefitsPension amounts are fixed; they are adjusted twice a year in line with wage trends. Pensions are paid once a month. Once a year, in May, they are supplemented by a holiday allowance. The fixed amount of the pension is reduced for every year in which you were not insured. Overall, this means that for each full year of residence or employment in the Netherlands, you will receive a certain percentage of the full pension. If you or your partner live abroad Under certain conditions, it may be possible to take out voluntary insurance under the general law on old-age insurance (Algemene Ouderdomswet, AOW). For further information, contact the Social Security Bank (Sociale Verzekeringsbank). For this purpose, you must submit your application in good time, i.e. within one year of leaving to live abroad or having gone to work in the Netherlands while your partner continues to live abroad. However, the spouse/partner remaining in the country of residence is not insured. In the Netherlands, once you start to receive an old-age pension and you are no longer working, it may often be compulsory for you to take out health care insurance. Your Sickness Insurance Office can provide you with all the necessary information. |