Costs and Benefits of Collective Pension Systems

1. Front Matter

   Pages I-X

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2. Introduction

   1. Introduction

      • S. G. van der Lecq, O. W. Steenbeek

      Pages 1-9

3. The concept of solidarity

   1. Front Matter

      Pages 11-11

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   2. Solidarities in collective pension schemes

      • J. B. Kuné

      Pages 13-32

   3. Solidarity: who cares?

      • P. P. T. Jeurissen, F. B. M. Sanders

      Pages 33-48

4. Quantifying solidarity

   1. Front Matter

      Pages 49-49

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   2. Operating costs of pension schemes

      • J. A. Bikker, J. de Dreu

      Pages 51-74

   3. Optimal risk-sharing in private and collective pension contracts

      • C. G. E. Boender, A. L. Bovenberg, S. van Hoogdalem, Th. E. Nijman

      Pages 75-93

   4. Intergenerational value transfers within an industry-wide pension fund —a value-based ALM analysis

      • R. P. M. M. Hoevenaars, E. H. M. Ponds

      Pages 95-117

   5. Intergenerational solidarity in the uniform contribution and accrual system

      • T. A. H. Boeijen, C. Jansen, C. E. Kortleve, J. H. Tamerus

      Pages 119-136

   6. Everyone gains, but some more than others

      • K. Aarssen, B. J. Kuipers

      Pages 137-156

5. Mandatory participation

   1. Front Matter

      Pages 157-157

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   2. Why mandatory retirement saving?

      • P. J. A. van Els, M. C. J. van Rooij, M. E. J. Schuit

      Pages 159-186

   3. Mandatory participation for companies

      • P. H. Omtzigt

      Pages 187-201

6. Conclusion

   1. Front Matter

      Pages 203-203

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   2. Macroeconomic aspects of intergenerational solidarity

      • J. P. M. Bonenkamp, M. E. A. J. van de Ven, E. W. M. T. Westerhout

      Pages 205-226

   3. Summary and conclusions

      • S. G. van der Lecq, O. W. Steenbeek

      Pages 227-235

7. Back Matter

   Pages 237-247

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In January 2006, the Dutch Association of Industry-wide Pension Funds (VB) told us about their plan to prepare a book on solidarity in collective pension systems. We were intrigued by this topic, both because of our - terest in the pension sector and because of the connection with solidarity in a cost-benefit approach. After some discussions with VB director Peter Borgdorff, we decided to start a project with leading scholars and prac- tioners, which was to result in a book. We hoped that the researchers could investigate the extent of value transfers within collective pension funds, so that quantitative indications of this institutionalized solidarity would - come publicly available. While the book was in progress, the discussion on solidarity and mandatory pension systems became very topical, and so 1 were the results of the analyses. When the book was released in Dutch , the chapter on costs differentials between pension funds and insurance companies also drew much attention. In the early months of 2007, the political and professional debates c- tinued, with increasing attention from pension experts from abroad. This made us decide to try and arrange a translated version of the book. We were happy to find Springer Verlag, and collaborate with their enthusi- tic publisher Dr. Niels Peter Thomas. We are also grateful to the Pension Science Trust (Stichting Pensioenwetenschap) for subsidizing the trans- tion by Language Lab, and to the earlier mentioned VB for their generous collaboration in getting the international edition released.

• Ageing Society
• Collective Pension Systems
• Demography
• Dutch
• Netherlands
• Pension Funds
• mobility

• Erasmus University Rotterdam, The Netherlands

  Onno Steenbeek, Fieke Lecq

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