Abstract
European pension systems are in crisis. Governments and employers are withdrawing as plan sponsors, making institutional innovation imperative. Collective, stand-alone pension plans—as seen in the Dutch system—offer an attractive hybrid model between corporate defined-benefit plans and individual defined-contribution plans.
Original language | English |
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Title of host publication | The Future of Life-Cycle Saving and Investing |
Subtitle of host publication | The Retirement Phase |
Editors | Z. Bodie, L.B. Siegel, R.N. Sullivan |
Place of Publication | Charlottesville |
Publisher | CFA Institute |
Pages | 69-76 |
Number of pages | 90 |
ISBN (Print) | 9781934667262 |
Publication status | Published - 2009 |