Imagine a place where pensions were not an ever-deepening quagmire, where the numbers told the whole story and where workers could count on a decent retirement.
Imagine a place where regulators existed to make sure everyone followed the rules.
That place might just be the Netherlands. And it could provide an example for America’s troubled cities, or for states like Illinois and New Jersey that have promised more in pension benefits than they can deliver...
Sunday, October 12, 2014
No Smoke, No Mirrors: The Dutch Pension Plan - NYTimes.com: