# Public Libraries Pension Fund Public Libraries Pension Fund is a Pension Fund based in Heerlen, Netherlands. ## Overview - **Organization type:** Pension Fund - **Headquarters:** Heerlen, Netherlands - **Region:** Europe - **Address:** Heerlen, Netherlands - **Founded:** 1957 - **Assets under management:** Undisclosed - **Website:** pob.eu - **LinkedIn:** https://www.linkedin.com/company/pensioenfonds-openbare-bibliotheken ## Regulatory record - **Reports private funds:** No ## About The Public Libraries Pension Fund (Pensioenfonds POB) was established in 1957 as an independent foundation based in Heerlen. Chaired by Margreet Teunissen, its board includes Els Janssen, Mila van den Bout-Kisoen, and E.J.P.M. van Loon, supported by external consultants through standing committees for pensions and investments. The fund administers the employer's pension plan for the country's public library sector, a narrow mandate that concentrates its liabilities within a specific Dutch workforce. The investment strategy splits into two portfolios. A Matching Portfolio focuses on Netherlands and global assets calibrated to liability cash flows, while a Return Portfolio pursues growth through global exposures. On July 1, 2025, the fund transitioned to the Netherlands' new pension framework, a regulatory shift that redefines accrual structures and risk-sharing across Dutch schemes. The board recalibrated the pension regulation in early 2026 to align with this overhaul. The fund operates from its Heerlen headquarters with a lean governance structure. It maintains membership in the Pensioenfederatie, the national industry association, and is a signatory to the Dutch Pension Funds Agreement on Responsible Investment, committing to ESG and social responsibility standards. In its most recent reporting period, the fund posted a -0.9% return on investments for the first quarter of 2026. The accountability body is actively recruiting two new members to represent pension beneficiaries. Structurally, the fund's independence as a sector-specific foundation — rather than a commercial fiduciary — distinguishes its governance. With no disclosed AUM and no external commercial mandate, the board's direct authority over asset allocation and its adherence to the new Dutch defined-contribution regime make it a pure-play, liability-driven pension vehicle serving a single professional community. ## Sectors - Matching Portfolio - Return Portfolio ## People - Margreet Teunissen — Chair of the Board of Directors - Els Janssen — Board Member - Mila van den Bout-Kisoen — Board Member - E.J.P.M. van Loon — Responsible for 1st line risk management ## Questions ### How does the Public Libraries Pension Fund allocate between its Matching and Return portfolios? The fund maintains a dedicated Matching Portfolio that uses Netherlands and global assets to track liability cash flows, while the Return Portfolio seeks broader global growth. The board, with its Investment Commission and external consultants, directs the strategic split, though specific percentage allocations are not publicly disclosed. ### What changed for the fund when the new Dutch pension law took effect? On July 1, 2025, the fund transitioned to the new defined-contribution pension framework that redefines how accrual, risk-sharing, and benefit projections work for Dutch schemes. The board formally reaffirmed the updated pension regulation in early 2026 to comply with the revised legal structure, as stated on the fund's website. ### Who is responsible for investment governance at the fund? The Board of Directors, chaired by Margreet Teunissen, holds ultimate responsibility and operates through a standing Investment Commission supported by external consultants. Board members Els Janssen, Mila van den Bout-Kisoen, and E.J.P.M. van Loon — who handles first-line risk management — also contribute to oversight. ### How does the fund incorporate ESG considerations? The Public Libraries Pension Fund is a signatory to the Dutch Pension Funds Agreement on Responsible Investment, a professional network that commits participants to ESG integration and social responsibility standards. The agreement shapes the fund's approach within its broader fiduciary duties, though specific ESG metrics or exclusion lists are not published. ### What is the fund's known posture on co-investments? No public information is available regarding co-investment activity alongside external general partners or peers. The reported structure — a simple Matching/Return bifurcation managed via board and consultant oversight — does not indicate a co-investment program. ### Is the Public Libraries Pension Fund related to any other Dutch pension schemes? Board member Els Janssen also serves on the board of Pensioenfonds Grolsche Bierbrouwerij, and Mila van den Bout-Kisoen is an Executive Director at De Nationale APF, creating personal governance overlaps. The fund itself is an independent foundation and is not part of a larger multi-employer scheme or APF structure. ## Related profiles - [Publicis Groupe](https://altss.com/profile/publicis-groupe) - [Public Library of Science](https://altss.com/profile/public-library-of-science) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/public-libraries-pension-fund Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology