What Pensioenfonds PGB does

Pensioenfonds PGB is a Dutch sector-based pension fund (Stichting) founded in 1953 by social partners from the graphics media industry that administers defined benefit and defined contribution pension schemes for approximately 459,000 participants across 3,907 affiliated employers in 17 Dutch industry verticals. The fund manages €34.4 billion in invested assets as of 31 March 2026, positioning it among the top 10 largest pension funds in the Netherlands, and operates with a coverage ratio (dekkingsgraad) of 129.7% as of May 2026. Participant segments include 128,186 active employees accruing pension, 105,990 current pension recipients, and 224,824 deferred participants (slapers) with vested entitlements; the largest sectors by active participants are agriculture and food (25,544), graphic media (18,309), process industry (10,221), and chemical/pharmaceutical (9,313).

The fund's technology stack centers on three operational components: the UPA (Uniforme Pensioen Aangifte) standardized declaration system that integrates directly with employer payroll software, the MijnPGBpensioen participant portal secured via DigiD government authentication, and the MijnPGBDesk employer portal authenticated via eHerkenning. Pension administration execution is outsourced to wholly-owned subsidiary PGB Pensioendiensten B.V. under a GDPR processing agreement. Distribution is exclusively Dutch and channeled through social partners — trade unions CNV Vakmensen and FNV and the employer organization Werkgeversraad — who negotiate sector-specific CAO pension schemes and facilitate enrollment. The 28% basic scheme contribution rate for 2026 is set through collective labor agreements rather than commercial pricing, and asset management is conducted at 0.47% of AUM with pension administration at €312 per participant in 2025.

The fund is currently executing a mandatory sector-wide migration to the new Dutch pension system (Wet toekomst pensioenen) expected 1 January 2027, converting ~400 existing sector schemes into personal pension capital under solidarity or flexible contribution schemes. Approximately 420 transition plans have been developed jointly with social partners and the Vereniging van Gepensioneerden (VVG) pensioner association. Leadership transitioned in January 2026 with Hans Veltkamp appointed as chairman, succeeding Jochem Dijckmeester. The fund has reported never having reduced pensions and posted a 4.2% average 10-year investment return.

Name

Pensioenfonds PGB

Legal name

Stichting Pensioenfonds PGB

Website

https://pensioenfondspgb.nl

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

251–500 employees

Short description

Pensioenfonds PGB is a Dutch sector pension fund managing €34.4 billion in assets for ~459,000 participants across 17 industries and 3,907 employers. It administers ~400 schemes via social partners and is transitioning to the new Dutch pension system by January 2027.

Ownership category

akta.pro rank

Product category

Pension Fund Administration

NAICS

Pension Funds (525110)

SIC

Finance Services (6199)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industry

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA)

Keywords

• Sector pension administration
• Defined benefit pensions
• Pension fund management
• Collective labor pensions
• Employer pension schemes

Headquarters

HQ city

Amsterdam

HQ country

Netherlands

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Pension Contributions: Pensioenfonds PGB is funded through pension contributions paid by employers and employees in affiliated sectors. Contributions are set through collective labor agreements (CAOs) negotiated by social partners. For 2026, the basic scheme contribution rate is 28% of pensionable salary.
2. Investment Returns: The fund generates returns on its invested assets of €34.4 billion (as of March 31, 2026). Investment returns contribute to the pension capital accumulated for participants.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Pensioenfonds PGB is a Dutch sector-based pension fund that administers approximately 400 pension schemes for 3,907 affiliated employers and 459,000 participants across 17 industries, managing €34.4 billion in invested assets. The fund executes pension accrual, payment, and administration under schemes negotiated by social partners (employer organizations and trade unions), supported by participant and employer self-service portals and the UPA digital declaration system. It is preparing to transition to the new Dutch pension system on January 1, 2027.

Product overview

Pensioenfonds PGB is a Dutch pension fund offering a comprehensive pension administration ecosystem. The core offerings include MijnPGBpensioen (participant portal) for individual pension management and MijnPGBDesk (employer portal) for pension administration. The UPA (Uniforme Pensioen Aangifte) system enables direct data exchange from employer payroll software. Additional services include video consultation with pension specialists, animated educational videos on YouTube, and Socially Responsible Investing options. The fund is transitioning to a new pension system by January 2027 with two contribution schemes: solidarity and flexible. Pensioenfonds PGB administers approximately 400 different pension schemes across 17 industry sectors with €34.4 billion in invested assets.

Differentiator

Problem solved

Functional benefit

Products and services

• MijnPGBpensioen (Participant Portal) Online self-service portal for individual pension participants of Pensioenfonds PGB to view their pension accrual and entitlements, access digital post, update personal information, and manage communication preferences. Authenticated via DigiD.
• MijnPGBDesk (Employer Portal) Online portal for affiliated employers to manage pension administration for their employees, submit UPA pension declarations, view and pay invoices, and access participant overviews. Accessed via eHerkenning authentication.
• UPA (Uniforme Pensioen Aangifte) Standardized pension declaration system that allows employers to submit salary and employment data directly from their payroll software to Pensioenfonds PGB, with automatic error feedback for efficient administration.
• Sector Pension Schemes Approximately 400 distinct pension schemes tailored by social partners across 17 Dutch sectors, executed for 3,907 affiliated employers and 459,000 participants. Contribution rates set through sector collective labor agreements (CAOs); 28% basic scheme rate for 2026.
• Defined Contribution Pension Schemes Pension schemes where the pension outcome depends on the contributions made and the investment returns achieved, rather than on a coverage ratio. Used in sectors such as sea fishing and wholesale of flowers and plants.
• Solidarity and Flexible Contribution Schemes Two scheme types for the new Dutch pension system effective January 1, 2027: a solidarity scheme with collective risk sharing, and a flexible contribution scheme with individual investment risk.
• Socially Responsible Investing (SRI) Sustainable investment mandate applied across the fund's €34.4 billion portfolio that incorporates environmental, social, and governance factors into investment decisions, including impact investing.

Quantifiable outcome

• Coverage ratio of 129.7% (May 2026)
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature3 records

Partnerships

Six partnerships are on record, tiered core and minor.

• De Nederlandsche Bank (DNB)coreOthers · 24 March 2026Regulatory oversight authority for Dutch financial institutions including pension funds. DNB assesses the implementation plan for the transition to the new pension system and issues the declaration of no objection required for the fund to transition to the new pension.
• Netherlands Authority for the Financial Markets (AFM)coreOthers · 24 March 2026Financial markets regulator that assesses the statutory communication plan as part of the implementation plan for the new pension system.
• PGB Pensioendiensten B.V.coreStrategic or Co-development Partner · 1 January 2026Execution organization for pension administration. Pensioenfonds PGB has outsourced the execution of pension administration to PGB Pensioendiensten. The organization handles day-to-day pension administration, participant communications, and operates the participant portal (MijnPGBpensioen). A processing agreement ensures GDPR compliance.
• Social Partners (CNV Vakmensen, FNV, Werkgeversraad)coreStrategic or Co-development Partner · 1 January 2026Trade unions (CNV Vakmensen, FNV) and employers' organizations (Werkgeversraad) that negotiate pension schemes and facilitate enrollment. Social partners nominated board members and representatives in the accountability body. Approximately 420 transition plans were developed with social partners for the new pension system.
• NetsparminorStrategic or Co-development Partner · 13 October 2021Research network for pensions and aging. Pensioenfonds PGB participated in Netspar research, with Esther Valentijn-Breedveld (Manager Actuarial Services) contributing to the network's exploration papers on pension topics.
• Vereniging van Gepensioneerden van Pensioenfonds PGB (VVG)coreStrategic or Co-development Partner · 13 October 2021Association of pensioners that nominates representatives for the accountability body and advocates for pensioners' interests. The fund collaborates with VVG on initiatives including the digital platform PensioenTrefpunt.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TKP Pensioen: Dutch pension administrator executing pension schemes for multiple Dutch funds. Comparable back-office/administration service for sector pension funds facing similar transition and participant-service challenges.
• APG Group: Largest Dutch pension administrator/executor, providing pension administration and asset management to ABP and other funds. Comparable to PGB's outsourced execution arm (PGB Pensioendiensten B.V.) but at much larger scale across multiple funds.
• PGGM: Dutch pension administrator/executor for PFZW and other funds. Comparable as a pension service organization providing administration, asset management and communication to Dutch sector pension funds.
• MN (Medewerkers en Nu): Dutch pension service provider administering pension schemes for several sector funds. Comparable as a specialized administrator serving Dutch multi-employer pension arrangements.

Direct peers

• ABP (Algemeen Burgerlijk Pensioenfonds): Largest Dutch multi-employer pension fund, administering pension schemes for government and education employees. Directly comparable as a sector-based, multi-employer pension fund serving affiliated employers and participants under the same Dutch regulatory framework.
• Pensioenfonds Horeca & Catering: Dutch sector pension fund for the hospitality and catering industry. Closely comparable as a sector pension fund; PGB's new chairman joined PGB from this fund's board, evidencing operational and structural overlap.
• PME (Pensioenfonds Metalektro): Dutch sector pension fund for the metal-electro industry. Directly comparable as a multi-employer pension fund administered for affiliated employers in a specific industry cluster under collective labor agreements.
• Bpf Bouw (Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid): Pension fund for the Dutch construction sector. Comparable multi-employer structure serving a specific industry, governed by social partners, and administering a large participant base under Dutch pension regulation.
• PFZW (Pensioenfonds Zorg en Welzijn): Pension fund for the Dutch healthcare and welfare sector. Comparable as a large Dutch sector pension fund governed by social partners, also navigating the 2027 transition to the new pension system.
• PMT (Pensioenfonds Metaal en Techniek): Dutch sector pension fund for the metal and technical industries. Closely comparable to PGB as a sector-based, social-partner-governed pension fund with similar AUM scale and member base.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pensioenfonds PGB