(Bloomberg View) -- The headline from the Dutch businessnewspaper Het Financieele Dagblad caught my eye on Twitter a fewweeks ago: 'America is the example of how not to do pensions.'

The quote was from an interview with Angelien Kemna, who steppeddown on Nov. 1 from the top finance job at APG Groep NV, whichmanages the Netherlands’ biggest (and world’s fifth-biggest)pension fund.

After reading it, it struck me that it might be useful to letU.S. readers know what one of the leading figures on the globalpension scene thought was wrong with the way this country handlesretirement savings.

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