Front Matter Page
European Department
Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands
Prepared by Marc Gérard
Authorized for distribution by Tom Dorsey January 2019
Contents
ABSTRACT
I. INTRODUCTION
II. THE IMPACT OF THE CRISIS ON THE DUTCH PENSION FUNDS
Organization and size of the collective pension schemes
Financial developments of the pension funds over the crisis
III. STRESS TESTING THE DUTCH COLLECTIVE PENSION SCHEMES
IV. REFORMING MATURE SECOND PILLAR PENSION FUNDS: CHALLENGES AND PITFALLS
Current proposals in the Netherlands – Moving towards more individualization
Policy trade-offs – Ensuring long-term sustainability while preserving solidarity
V. CONCLUSION
VI. REFERENCES
BOXES
1 : The new Financial Assessment Framework (nFTK)
2: Notional DC Plans and Premium Accounts in Sweden
3: Superannuation Funds in Australia
4: Occupational Pension Plans in Switzerland
5: The Supplementary Labor Market Pension Fund (ATP) in Denmark
APPENDIX
Data sources and actuarial formulas