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.

 

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.

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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