Archive: Niels Kortleve

financial saving concept – plant growing out of coins

The brief’s key findings are: The financial crisis stressed the Dutch pension system, as assets dropped below the required 105 percent of liabilities. Automatic indexation adjustments, introduced in recent years, may not be sufficient to restore solvency. Policymakers now have to consider more substantial measures, which affect retirees and workers differently. This process highlights t…

financial saving concept – plant growing out of coins

Abstract Pension funds in the Netherlands are facing their second solvency crisis within a period of six years. As most Dutch pension funds effectively are arrangements of intergenerational risk sharing, especially the larger sector pension funds, the necessary recovery process implies various generational dilemmas. We distinguish various policy options, among them contribution rate increases and…