Module 3: Pensions and Insurance

In this module you dive into the world of pension systems. You learn how pension accrual works in the Netherlands, which systems and schemes exist, who administers the pension and who bears the risk when the economy turns sour. You discover the difference between a pay-as-you-go system (omslagstelsel) and funding (kapitaaldekking), between a fixed benefit and a fixed contribution, and what kinds of pension there are.