Pension benefits are financed by pension contributions paid in the past and accumulated by investment yields.
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More information on current developments on pensions in the Netherlands can be found on the international website of the Dutch government::
The Dutch pension system may be characterised in terms of three pillars, namely: The Dutch General Old Age Pensions Act (AOW) provides for basic state pensions for people aged 65 and over.
The third pillar includes the personal annuities offered by insurance providers, supplementary to the AOW and/or the occupational pensions.
Various types of pension provisions In the Netherlands there is a mixed system of public and private provisions.