The Board is responsible for the implementation of the pension schemes. The Board is also responsible for the Fund’s financial accounts, the level of the pension contributions, increasing or reducing the pensions, as well as the way in which the assets are invested. The actual form and content of the pension schemes is decided by the social partners.
There are 7 members of the Board:
- 2 representatives on behalf of the employers
- 2 representatives on behalf of the employees
- 1 representative on behalf of the pensioners
- 2 indepentent Board members
Here you can see who our Board members are and their areas of expertise.
Jochem Dijckmeester is the Chairman of the Board. Member of the Board since 2016.
'In the coming years, the focus will be on introducing the new pensions system in a balanced way, together with representatives of employers, employees and pension recipients. It’s important that we visibly represent the interests of our participants, and that we are able to explain pensions clearly. That’s what we stand for at Pensioenfonds PGB and as Chairman, what I want to make a contribution to.’
Hans Kamps is the Vice Chairman of the Board on behalf of the employers. He is also Chairman of the Risk and audit Committee. Member of the Board since 2021.
'Pensions need to be arranged properly. Reducing the costs per participant is another of our priorities, certainly for me, in my role on the Board. That’s in the interest of all the participants.'
Anne Kock-de Kreuk is a member of the balance sheet management committee. Member of the Board since 2023.
'The pension must match the wishes of participants and employers, just like the investments that ensure pension benefits now and in the future. Investments shouldn’t be too risky, but should yield sufficient returns. We want investments to cause as little damage to our world as possible and to make a positive contribution where possible! We take care of that and also explain how we achieve that.'
Edwin de Jong is Chairman of the Pensions Management Committee on behalf of the employers. Member of the Board since 2021.
'What makes pensions so interesting is that whenever you think that everything is sorted out and regulated, new legislation comes into force and you can and have to make considerable adjustments again.'
Frans van de Veen is a board member on behalf of the employees and a member of the balance sheet management committee. Member of the Board since 2022.
'Your pension is meant to be able to buy things from it later. It's not just about the euros, it's also about the world in which you do it. What you want to achieve in concrete terms.You cannot think of this separately from the employers and employees in the affiliated sectors. Where do we want to go, for example in the chemical or plastics industry? And which companies are well prepared for the changes that are coming our way? You talk about that together.'
Tim van Dijk is a board member on behalf of the employees and a member of the pension management committee. Member of the Board since December 2022.
'The Netherlands is on its way to a new pension system, which is leading to major changes. As a result, pension fund PGB is on the eve of a complex transition. The trick is to take advantage of opportunities in this time of change to reduce costs, reduce complexity and increase trust. As a board, we must be able to explain our decisions in an understandable way. That is sometimes quite a challenge, but we owe it to our participants, pension recipients and employers.'
Ronald Heijn is Vice Chairman of the Board on behalf of the pensioners. Member of the Board since 2020.
'We work to make sure that our participants receive a supplementary pension, over and above their state pension. In that way, we offer a great many people support for their income when they retire.'
The Board is supported by a Management Office and various Board committees.
The Board Office supports the Board. The secretaries and advisers in this team help the Board and other management bodies in the performance of their duties. This could include preparing meetings and advising or organising advice on the policy.
The Board meets about once a month to discuss policy issues and reports, and also considers more strategic matters once a month, such as the future pension system or innovation of products and systems. Substantive matters are usually prepared via fixed committees and/or temporary working groups, so that the Board can take sound decisions quickly.
The Balance Sheet Management Committee advises the Board on strategic balance sheet management and investment policy, socially responsible investments, investment strategies and choices and on dealing with investment risks. The Committee can also take decisions itself if this is consistent with the policy and the Board has given scope for this in advance.
The Pension Management Committee advises the Board on the pension management policy, translates the policy into instructions for administration and monitors the pension administration. The Committee also monitors a number of strategic objectives of the pension fund, in particular in relation to communications, service provision, product innovation and relationship management.
The risk and audit committee oversees the pension fund's risk management. The committee does this by monitoring the risk and control systems, commissioning risk analyses and advising the board on risk policy adjustments. The committee also monitors financial reporting, management control and the internal culture.
Our Board members have all signed a code of conduct to which they must adhere.
Board members receive compensation for their work. The compensation is 90% of the Standards for Remuneration Act. The time commitment of a board member is approximately 2.5 days per week and for the chairman 4 days per week. Therefore, a factor of 0.8 applies for the board chairman and for the other board members a factor of 0.5.
If a board member works for an employer’s or an employee’s organisation, the member does not receive the remuneration personally. The remuneration is paid to the organisation.
Pensioenfonds PGB pursues a remuneration policy that does not encourage taking more risks (including sustainability risks) than are acceptable for the fund. This is a remuneration policy in accordance with the Sustainable Finance Disclosure Regulation (SFDR), the Pensions Act, the Pensions Act Implementing Decree and the Pension Funds Code.