Analysis of Netspar sent to Dutch House of Representatives

On July 1, 2023, the Future Pensions Act entered into force in The Netherlands. The objectives of this law as formulated by the legislator are an earlier perspective of an inflation-linked pension, a more transparent and personal pension and a better alignment with developments in society and the labor market.

In the coming period, the Ministry of Social Affairs and Employment will monitor whether these objectives are being achieved and whether the preconditions for the pension system reform have been met. Four scientists affiliated with Netspar – Lisa Brüggen, Casper van Ewijk, Theo Nijman and Bas Werker – have provided suggestions and options for making this monitoring concrete.

Their report in Dutch makes clear that it is important to make objectives measurable and that there are challenges in doing so. Following the report, the ministry will ask a consultancy firm to further concretize and implement the monitoring.

More is expected to be known around the summer about the next steps regarding the monitoring the Future Pensions Act.