“Part-time pension should not be seen as a participation booster,” were the opening words of Daniël van Vuuren (Tilburg University and De Argumentenfabriek). “Research has shown that part-time pension tends not to be used as a way to carry on working but as a way to stop working earlier. This effect will increase as the basic retirement age rises.” Currently, 40% of the Dutch population says it is interested in part-time pensions. Future studies are needed to identify which actuarial/financial parameters make part-time pensions more appealing. The effect on public finances will also be studied; if more people start working part-time, this will be reflected in tax revenues.
The NIDI Pension Panel, consisting of more than 5,200 persons over the age of 60, is mostly positive about part-time pensions, Kène Henkens of NIDI explained. However, there are obstacles too, that cause only one in ten employees make use of part-time pension. Some of these are institutional; a part-time pension is seen as an expensive measure (as too expensive by some) and many people struggle to understand the rules that apply. Organizations also stand in the way: four in ten respondents say that there are obstacles in the workplace. Also: part-time pension is not something that is often discussed. As people have few immediate examples and part-time pensions are, therefore, not a standard, hardly anyone makes use of them. If such examples were to become available, the interest would rise substantially.
While employers consider part-time pension a useful tool to encourage employees to carry on working, it is not something they actively promote, as Harry van Dalen (NIDI and TiU) pointed out. Again, institutional factors are the root cause: employers suspect complicated rules and financial consequences prevent employees from to make use of part-time pension. In contrast to employees, obstacles in the workplace (stress does not decrease, in some positions it is not possible) weigh much less in the eyes of the employer. Also, employers consider part-time pensions a private matter, one in which they would rather not get involved.
Part-time pension may not be a miracle cure for participation in the labor force, but it does help reduce concerns about the ability to physically and mentally keep up with the job. This is demonstrated by the results of a study conducted by Hanna van Solinge (NIDI) into vitality, concerns and stress among older employees. Employees who have opted for a part-time pension feel slightly more vigorous than those who have not. The work-related stress experienced by employees does not seem to be reduced by part-time pension.
The themed conference ‘Part-time pensions and working longer’ formed the start of the Netspar research project ‘The causes and consequences of retirement; a sociological perspective’. Many of the results presented on 17 October are therefore preliminary.
Thursday October 17, 2019
14:45 - 15:00
Inloop met koffie en thee
15:00 - 15:10
Welkomstwoord Prof. dr. Kène Henkens (NIDI UMCG, UVA)
15:10 - 15:25
Werknemersvoorkeuren en deeltijdpensioen: het belang van financiële prikkels
Prof. dr. Daniel van Vuuren (Tilburg University & De Argumentenfabriek)
15:25 - 15:40
Obstakels voor deeltijdpensioen op de werkvloer: het werknemersperspectief
Prof. dr Kène Henkens (NIDI, UMCG, Universiteit van Amsterdam)
15:40 - 15:55
Deeltijdpensioen en het perspectief van werkgevers
Prof. dr. Harry van Dalen (NIDI, Tilburg University)
15:55 - 16:10
Effecten van deeltijdpensioen op de vitaliteit van oudere werknemers
Dr. Hanna van Solinge (NIDI)
16:10 - 17:00
Discussie o.l.v. dagvoorzitter mr. Michael Visser (Tilburg University)