Based on the review and compliance with European legislation, changes were made to the administrative structure. In 2019, three committees were appointed at PDN to prepare board resolutions and to advise the Board.
The Board has set up the following committees:
The DPS pensions administration organization and/or other parties advise the committees on which Board members sit. The Board has drawn up a description for each committee, which also provides further information: the scope, composition, working method, duties, and powers of the committee concerned. In addition, the Board may set up ad hoc advisory and other committees, the duties and powers of which the Board outlines when appointing the committee.
The IORP II Directive stipulates that pension funds must set up key functions for risk management, internal audits, and actuarial matters. The key functions are in principle held by Board members; the actuarial key function is held by the certifying actuary.
For more information about the IORP II Directive, committees, and key functions, see 'About us' on this website.
Vacancy for Chairman of the Supervisory Board
The Chairman of the Supervisory Board, Wendy de Jong, joined the Supervisory Board of the Netherlands Authority for the Financial Markets with effect from February 15, 2019, and resigned from her function as Chairman of the Supervisory Board at PDN at the same time. The Board is actively looking to fill the vacancy for this position. Mila Hoekstra is the acting chairman until a successor is found.
The Board wishes Wendy every success with her new job.