In The Netherlands, the average earner receives 105.5 percent of his average net income (after taxes) back, which is possible because many people receive more back from their pension funds than they paid in each year. People become eligible for their pensions at 65. That comes out to EUR 39,700 a year (about $49,800 a year), or about 30 percent of average earnings. Pension spending is 5.4 percent of annual GDP.
The new government has pledged to raise the retirement age to 66.