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Elaboration key to pension deal
5 January 2012
The Pension Agreement between the social partners and the government is basically an excellent deal. In particular because it indicates that there are no longer pension guarantees, and because the level of the future pensions will mainly depend on the financial markets. However, the correct elaboration of parts of the deal will be critical for whether its target - a sustainable pension system - will be met.
Theo Kocken, Professor Risk Management at Amsterdam VU University, Lans Bovenberg Professor Economy at Tilburg University
Netspar Magazine edition 13, Winter 2011
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