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Why is the Netherlands looking to Chile for a new pension system (when the UK is looking at the Netherlands)

3 december 2013

In a recent paper on occupational pension reform in the UK, the Pensions Minister Steve Webb proposed that the UK look at introducing Dutch-style Collective Defined Contribution (CDC) plans. At the same time, in the Netherlands a cross-party group of young politicians - backed by several prominent Dutch economists - is calling for the Netherlands to move away completely from its present collective occupational pension system to a personal Defined Contribution pension system, similar to the Chilean pension system. Why would young Dutch politicians be looking to terminate the renowned Dutch collective pension system and what does the Chilean system have to offer? Erik Schouten in why is the netherlands looking to chile for a new pension system.pdf