Record number retired in 2012

A record number of people in Belgium retired during 2012. Almost 100,000 employed and self-employed people and a further 22,400 civil servants became pensioners during the course of last year. This is 7% more than in 2011. The Pensions Minister Alexander De Croo (Flemish liberal) recognisers that the state pensions system is under pressure.

2011 saw the biggest ever rise in the number of new pensioners with 90,000 employed and self-employed people and 21,500 civil servants retiring.

The ageing of the population that has been predicted for many years is now taking hold and is expected to continue until 2030. The baby-boom generation that was born just after World War II is now starting to reach retirement age.

The total cost of state pensions has risen by another 4%. The system is under pressure, a fact that is recognised by the Pensions Minister Alexander De Croo. Mr De Croo says it is essential to invest in private pension schemes.

"If we make sure that there is enough diversity, we will have a stable pensions system.”

Mr De Croo is working on proposals that will make it possible for more people to gain access to private pensions schemes. 

 

2011 saw the biggest ever rise in the number of new pensions with 90,000 employed and self-employed people and 21,500 civil servants retiring.
The ageing of the population that has predicted for many years is now taking hold and is expected to continue until 2030. The baby-boom generation that was born just after World War II is now starting to reach retirement age.
The total cost of state pensions has risen by another 4%. The system is under pressure, a fact that is recognised by the Pensions Minister Alexander De Croo. Mr De Croo says it is essential to invest in company or private pension schemes.
"If we make sure that there is enough diversity, we will have a stable pensions system.”
Mr De Croo is working on proposals that will make it possible for more people to gain access to private pensions scheme