Have Pension Plans Changed after the Introduction of IFRS?

14 Pages Posted: 20 Jul 2006

See all articles by Laurens Swinkels

Laurens Swinkels

Erasmus University Rotterdam (EUR); Robeco Quantitative Investments

Multiple version iconThere are 2 versions of this paper

Date Written: October 24, 2006


Recently, several Dutch companies have changed their pension schemes from traditional defined-benefit towards defined-contribution schemes. Companies state that the introduction of IFRS is the main reason for transforming the pension scheme. We examine the pension schemes of the largest companies listed in The Netherlands. Our results suggest that most Dutch companies have recently changed their defined-benefit scheme from traditional final-pay to an average-pay scheme. Although many companies seem to be considering switching to defined-contribution, only a handful have done so. In contract to the US or UK, Dutch companies seem to prefer collective instead of individual defined-contribution schemes. Our results further indicate that companies with a relatively large pension fund as measured by asset value relative to company market value are the first ones to reduce pension risk by changing their pension scheme from defined-benefit to defined-contribution.

Keywords: Defined benefit, Defined contribution, IFRS, Pension funds

JEL Classification: G23, M41, M47, J33

Suggested Citation

Swinkels, Laurens, Have Pension Plans Changed after the Introduction of IFRS? (October 24, 2006). Available at SSRN: https://ssrn.com/abstract=917795 or http://dx.doi.org/10.2139/ssrn.917795

Laurens Swinkels (Contact Author)

Erasmus University Rotterdam (EUR) ( email )

Burgemeester Oudlaan 50
3000 DR Rotterdam, Zuid-Holland 3062PA

Robeco Quantitative Investments ( email )

Rotterdam, 3000
+31 10 224 2470 (Phone)
+31 10 224 2110 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Abstract Views
PlumX Metrics