01945cas a2200241 a 4500 AALejournalIMF019026 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484395912 1018-5941 BD-DhAAL BD-DhAAL Gerard, Marc. Reform Options for Mature Defined Benefit Pension Plans : The Case of the Netherlands / Marc Gerard. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (30 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. Yet the long-term sustainability of the Dutch pension funds has been undermined in recent years by protracted low interest rates and unfavorable demographic developments, exacerbating controversies over intergenerational transfer mechanisms within the plans. This has prompted a national debate over ways to move toward more individualization while preserving financial security at retirement for all. This paper draws on this experience, illustrated by stress testing simulations and assessed vis-a-vis solutions implemented in peer countries, to discuss the main policy trade-offs associated with the reform of mature pension systems in advanced economies. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2019/022 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/022/001.2019.issue-022-en.xml IMF e-Library