Completing Dutch pension reform

“Latest pension reforms complete the shift from defined benefit to defined contribution pensions”

The past 20 years have witnessed a clear shift in Dutch occupational pensions: from strongly collective defined benefit to more individual defined contribution schemes. First, we show how the way is paved for a collective defined contribution contract that features some individual elements. Then, warn that the reform may fail to deliver a pension contract that is easier to understand. Finally, we caution that pension cuts due to the poor performance of financial markets could become a thorny issue.

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Key Takeaways for the Industry

  • Many people do not understand the current scheme, and the reform may fail to deliver a pension contract that is easier to understand.
  • Pension cuts due to the poor performance of financial markets could become a thorny issue should this scenario arise.

 

Want to know more?

Read the paper “Completing Dutch pension reform” bij Ed Westerhout (TiU, CPB), Eduard Ponds (TiU, APG) and Peter Zwaneveld (CPB).

Netspar, Network for Studies on Pensions, Aging and Retirement, is a thinktank and knowledge network. Netspar is dedicated to promoting a wider understanding of the economic and social implications of pensions, aging and retirement in the Netherlands and Europe.

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