The Dutch government and the social partners recently reached agreement on how the system of occupational pensions should be reformed in the coming years. In June 2019 they agreed on the main principles of reform; in June 2020 they elaborated these principles in greater detail. We argue that this reform is one in a series of reforms that transform the final-pay benefit pension contract, which was dominant twenty years ago, step by step into a collective defined contribution contract. This paper provides a historical overview of these reforms and how they connect to developments in the financial position of pension funds and to demographic and economic development trends.
|Place of Publication||Tilburg|
|Publisher||Network for Studies on Pensions, Aging and Retirement (NETSPAR)|
|Number of pages||47|
|Publication status||Published - 12 Aug 2021|