The government does not consider raising the pension age.

Before deciding to raise the pension age, the government will conduct a study of all available options will be conducted in 2025. 

Aruba's financial situation was severely strained in 2020 due to the COVID-19 pandemic and must apply for a loan from the Netherlands to get by. 

These funds were necessary to help the entire community, including wage subsidies for all employees, FASE aid for those who lost their jobs, and food packages for the disadvantaged.

The Netherlands imposed certain conditions on Aruba to receive the loan. The unilaterally imposed condition required a pension age increase to 66 or 67 years. Since Aruba disagreed with this but depended on the loan, they held negotiations with the Netherlands and eventually reached a compromise.

In 2025, the government will conduct a study to assess (1) whether the AOV pension fund is solid. If it proves to be solid, no further action will be required. (2) If it turns out that the fund is not solid, Aruba will take the necessary measures to maintain the fund's solidity. If the pension funds are not solid, this could lead to a shortfall, and pensions may no longer be paid to retirees who have paid premiums for many years.

The government can take various measures if required by the fund. One of these measures could be raising the pension age. Another could be increasing premiums, among other things. The government is not currently considering raising the pension age, and it will conduct the study in 2025 and evaluate all alternatives before deciding whether to raise the pension age.