You are going to live or work in the Netherlands
If you started living or working in the Netherlands at a later stage in your life, you will have missed a period of AOW pension insurance .
If you have missed a period of AOW pension insurance
Your pension will be reduced by 2% for each year you were not living or working in the Netherlands. This means you will not receive a full AOW pension when you reach your AOW pension age .
When are you entitled to a full AOW pension?
You can build up rights to an AOW pension in the 50-year period before you reach your AOW pension age. For each year of insurance, you can get 2% of the full pension. If you have been insured for the full 50 years, you will receive a full pension (100%).
Buying back AOW pension insurance
If you want to build up a full AOW pension, you can take out voluntary insurance for past years in which you were not insured under the AOW scheme.