A New Approach to Dutch Pensions
- Topics:
- Accounting software,
- Payroll,
- Retirement
- Tags:
- Benefits,
- Finance,
- Human Resources,
- Income,
- Mercer Human Resource Consulting,
- Operational Accounting,
- Payroll Solutions,
- Pension,
- Retirement Benefit
- Source:
- Mercer Human Resource Consulting
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Overview: Employer-sponsored retirement benefits are an essential component of the Dutch retirement income. While social security is fairly generous, employees rely heavily on employer-sponsored pensions during their retirement. More than 90 percent of the workforce participates in occupational or supplementary retirement plans, and for the average employee income during retirement from employer-sponsored plans is expected to be around 50 percent of pre-retirement income. Employer-sponsored plans have traditionally been final salary Defined Benefit (DB) plans, but there has been a very strong trend to career average DB plans in recent years.
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Format: HTML | Date: May 2006 | Pages: 3
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