What is the pension system for Dutch immigrants?

The first pillar: AOW national pension

This includes two forms: basic state pension and survivors' pension. Simply put, as long as you live or work in the Netherlands, you can get it after retirement. The amount received is in direct proportion to the time spent in Holland.

The second pillar: occupational pension

This is also called supplementary pension insurance plan. Whether you can get it depends on whether the individual has signed a pension contract with the employer, and the amount is determined by the working years and salary.

The third pillar: private pension

Also known as personal savings plan; This item requires you to buy or invest in pension products on your own initiative.

I. AOW national pension

Retirees over the age of 66 can get state or AOW pensions, and the basic benefits they provide are as high as 70% of the minimum net salary.

The General Old Age Law (AOW), which came into effect from 1957, stipulates that people aged 15-65 who live or work in the Netherlands (people who have never left the Netherlands and moved to other countries) have the right to receive state pensions.

Second, how much state pension can I receive?

The amount of state pension depends on your pension rights established during your work in the Netherlands.

In the Netherlands, every time people pay medical insurance every year, they accumulate 2% of the national pension allowance. People who don't work can also accumulate state pension rights.

Three. Monthly state pension remuneration

In order to better understand how much a person can receive from the Dutch national pension every month, the following is a standard example of a person aged 15-65 receiving a full pension:

Cohabitation couples are about 790 euros per person per month.

Living alone for a month is about 1 150 euros in total.

Further reading: the main conditions for joining Dutch nationality are as follows:

A. legally residing in the Netherlands for five consecutive years.

B, the residence permit must be for the purpose of long-term residence (such as family reunion, paid work), and the residence permit for short-term purposes such as study does not meet the application conditions.

C, pass the Dutch and Dutch social knowledge test

D, give up the original nationality

E no record of being sentenced to imprisonment or a large fine in the last four years.