By OECD. Published by : OECD Publishing
Within the Netherlands, the percentage of people elderly sixty five and over to the working-age inhabitants will upward thrust to forty% by way of 2050. Without coverage adjustments, this might result in greater public expenses, labour strength shortages, and slower fiscal development.
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Within the Netherlands, the percentage of people elderly sixty five and over to the working-age inhabitants will upward thrust to forty% via 2050. Without coverage alterations, this would result in better public expenses, labour strength shortages, and slower financial development.
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Additional resources for Ageing and Employment Policies Vieillissement et politiques de l'emploi Netherlands
3. The private pension scheme, consisting of private provisions that are neither statutory nor part of the collective occupational pension schemes. It is often argued that the Dutch pension system is better equipped than those of many other OECD countries to resist external shocks and demographic developments. The first pillar may be sensitive to demographic changes and the second pillar can resist them relatively well but is exposed to fluctuations in inflation, interest rates and share prices.
Often, the target replacement rates are part of labour negotiations; they are also influenced by tax rules, which limit deductibility to a combined maximum benefit from the public and private systems. Pearson and Martin (2005) qualified the use of target replacement rates in diversified systems as a promising approach, but the integration is more difficult for defined-contribution plans since the final benefit produced by such plans is subject to uncertainty. Occupational pensions are changing, often in the right direction In December 1997 the social partners, via the Labour Foundation, concluded an agreement (henceforth the Pension Covenant) with the government stipulating that pension schemes should be adapted to new conditions in the labour market such as the dwindling number of couples with only one breadwinner, the coverage of uninsured workers, pension rights for surviving relatives, and costs, particularly regarding early retirement.
OLDER WORKERS IN THE DUTCH LABOUR MARKET – 53 In contrast, the United Kingdom has lower retention rates for younger workers than the Netherlands, but has better job security for workers in their late 50s as in Sweden. 10. Retention rates of employees in selected OECD countries a by age and gender, 1999-2004 Percentages Women 30 20 20 10 10 0 0 UK 55 -5 9 30 50 -5 4 40 45 -4 9 40 20 -2 4 50 60 -6 4 50 55 -5 9 60 50 -5 4 60 45 -4 9 70 40 -4 4 70 35 -3 9 80 30 -3 4 80 25 -2 9 90 20 -2 4 90 Belgium 40 -4 4 Sweden 35 -3 9 France 30 -3 4 Germany 25 -2 9 Netherlands 60 -6 4 Men a) Retention rates refer to the proportion of workers in 1997 who were still in the same job five years later in 2002.
Ageing and Employment Policies Vieillissement et politiques de l'emploi Netherlands by OECD. Published by : OECD Publishing