AOW Deferral: Rules and Consequences
**AOW deferral** offers residents of Rijswijk the opportunity to postpone the AOW entitlement age by a maximum of 5 years. Financially advantageous, but with an impact on your benefit. Learn the rules, conditions, and consequences, with local support via the Juridisch Loket Rijswijk.
What does AOW deferral mean for Rijswijk residents?
With **AOW deferral**, you choose to have your **AOW age** (in 2024: 67 years and 3 months) start up to **5 years** later. You then receive a higher monthly amount. The AOW is the basic benefit for everyone in the Netherlands, including Rijswijk. Deferral extends your pension phase and potentially increases your total income. Local residents can seek advice on this from the Juridisch Loket Rijswijk.
Legal Framework
The legislation for AOW deferral is set out in the **AOW Act** and the **AOW Decree**. The **Social Insurance Funding Act (Wfsv)** governs the calculations. Relevant provisions:
- Article 11 AOW Act: Option to defer the pension date.
- Article 12 AOW Act: Formula for the increase in the benefit.
- AOW Decree, Article 1.1: Procedure and conditions for application.
In case of disputes, you can go to the Rechtbank Den Haag (district), which has jurisdiction for Rijswijk.
Conditions Specific to Applicants in Rijswijk
Meet these requirements for AOW deferral:
- Minimum 65 years (rising to 67 years and 3 months in 2024). Application only after reaching this age.
- No current AOW benefit at the time of application.
- Maximum 5 years deferral, e.g., from 2024 to 2029.
- Timely notification to the **SVB**, at least **3 months in advance**. The Juridisch Loket Rijswijk assists with the procedure.
Calculation of the Increased AOW Benefit
Deferral results in a higher monthly amount, as it is spread over fewer years. Factors:
- Deferral duration (1-5 years).
- Life expectancy at that time.
- Indexation during the deferral period.
Indication of increases (current SVB rules):
| Deferral duration (years) | Increase (%) | Example (€1,500 base) |
|---|---|---|
| 1 year | ~5% | €1,575 |
| 2 years | ~10% | €1,650 |
| 3 years | ~15% | €1,725 |
| 4 years | ~20% | €1,800 |
| 5 years | ~25% | €1,875 |
Note: Percentages vary annually. Use the SVB calculator or consult the Juridisch Loket Rijswijk for personal advice.
Main Consequences of AOW Deferral
Weigh the pros and cons:
Advantages
- Higher monthly income: Significantly more per month.
- Long-term benefit: Total AOW income increases if you live longer.
- Flexibility: Continue working in Rijswijk and build up more.
Disadvantages
- Income drop during deferral: No AOW during that period.
- Risk in case of early death: Less total received.
- Impact on benefits: Possibly lower rent or healthcare allowance.
For Rijswijk residents: Contact the Juridisch Loket Rijswijk for free advice or the Rechtbank Den Haag in case of objection to SVB decisions.