The sustainability of the Dutch pension system
This study addresses the sustainability of the Dutch system of supplementary pensions, that is, supplementary to the state old-age pension. Traditionally, the system is characterised by high-quality defined-benefit schemes that offer members a high degree of pension security. However, the pension landscape has been subject to vast changes. The population is ageing, the effects of globalisation are making themselves increasingly felt and, in the world at large, defined-contribution schemes are becoming ever more usual. Competition in the pensions sector is being encourage, for instance by permitting pension funds to operate cross-border schemes within Europe. In addition, a decision has recently been made about a new statutory framework for pension arrangements. The present study reviews the financial consequences of these developments for the Dutch pension system. It does so by describing the principal pension risk in relation to the pension funds' financial policies, by examining recent changes in the Dutch pension system, and by analysing the pension sector's vulnerability to macro-economic shocks through simulations. The study concludes that the recent changes in pension schemes and in pension funds' financing have enhanced the system's controllability and, hence, its sustainability.
|Date of creation:||Nov 2006|
|Contact details of provider:|| Postal: Postbus 98, 1000 AB Amsterdam|
Web page: http://www.dnb.nl/en/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:dnb:dnbocs:406. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Rob Vet)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.