Formalizing the new Dutch pension contract

Dutch employers and labor unions agreed in 2010 to support a major pension reform. The newly proposed contract replaces suggested nominal guarantees by “soft real rights”. The soft real rights are adjusted annually to unexpected real investment returns. In this paper we provide a formalization of this new Dutch pension contract with special emphasis on the market-consistent valuation of the entitlements and the investment strategy for the collective that is consistent with the promise made to the participants. For simplicity we restrict ourselves to the case of a closed fund and a single risk factor in financial markets.

Bekijk paper

Netspar, Network for Studies on Pensions, Aging and Retirement, is een denktank en kennisnetwerk. Netspar is gericht op een goed geïnformeerd pensioendebat.

MEER OVER NETSPAR


Missie en strategie           •           Netwerk           •           Organisatie           •          Podcasts
Board Brief            •            Werkprogramma 2023-2027           •           Onderzoeksagenda

OVER NETSPAR

Onze partners

B20180327_logo_PGB-Pensioendiensten_grijswaarden
B20160708_aegon
B20160708_maastricht university
B20160708_B20160615_Stichting-van-de-Arbeid-logo
B20160708_radboud
Bekijk al onze partners