Does collective funding in pension funds allow for intergenerational equity? The example of the pension reform in the Netherlands[La réforme des fonds de pension aux Pays-Bas : état des lieux et prospective]

The Dutch Parliament approved a major reform of occupational pension schemes in June 2023, by which existing pension schemes will have to transform their defined-benefit contracts into collective defined contribution contracts by 1 January 2028. This article analyses the reform from the perspective of intergenerational equity, aiming to fairly distribute market and longevity risks between active workers and retirees, preventing economic fluctuations or increasing life expectancy from disproportionately affecting a single generation, particularly younger workers. A final, more exploratory section looks at the possibility of transposing this reform into the French pension system.