This article summarizes the main findings of an ad-hoc committee struck to advise the Dutch government on the risk management and investment policies of Dutch pension funds in light of the experience of the Global Financial Crisis. The main conclusions are that at a time when pension funds face...

Recommended by Nobel Laureate Robert C. Merton, this book offers the world a first-hand opportunity to learn why the Dutch pension system is so often praised and how it operates. The book also discusses aspects of the system that are less favorable, such as implicit value transfers from younger...