The Algemene Ouderdomswet ('General Old Age pensions Act, abbreviated AOW) is a 1956 Dutch law that installed a state pension for the elderly.
The old law was a proposal by Willem Drees, while the new one came about when he was prime minister.
It is the one thing he is remembered for most and his name is immortalised in the expression van Drees trekken (literally 'drawing from Drees' after the Dutch word steuntrekken for receiving social security).
For those who have not been a resident in the Netherlands for a full 50 years, the amount is proportional.
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