Dutch pension system ‘best in the world’

The Dutch pension system is the best in the world, scoring high marks for participation, the size of the payouts and its sustainability, according to research by Melbourne University and financial advisory group Mercer, quoted by the Volkskrant.

The Dutch combination of the state pension and corporate pension also guarantees workers an income equivalent to their average earnings when they retire. Some nine out of 10 workers have a corporate pension, the research shows.
And the fact that pension funds are now under fire means the Netherlands is at least looking for a solution to the problems, the researchers say. Other countries are closing their eyes to the long-term situation.
‘This is proof the Dutch system is well put together,’ Willem Brugman, director of pensions at Mercer told the Volkskrant. ‘In countries such as France, little has been saved and they cannot adapt. That will be untenable.’
Dutch pension funds have been under attack in recent months because their asset ratios have fallen below the official limits. This means technically they do not have enough assets to meet their obligations.
The new government is planning to increase the state pension age from 65 to 66.

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