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Robeco PPI chosen by Stork, Marel and Fokker

20-02-2012 | Press release Stork, Marel and Fokker have selected Robeco PPI, the Institution for Occupational Retirement Provision (IORP) of asset manager Robeco, to run their supplemental defined contribution schemes.

Robeco PPI chosen by Stork, Marel and Fokker


Rotterdam, 20 February 2012 – Robeco Group announces today that Stork, Marel and Fokker have selected Robeco PPI, the Institution for Occupational Retirement Provision (IORP) of asset manager Robeco, to run their supplemental defined contribution schemes. The Stork Pension Fund transferred the accrued capital of their supplemental defined contribution schemes to Robeco PPI in early January 2012.

The defined benefit scheme of the affiliated participants of Stork Pension Fund will be administered by PME, the Pension Fund for the Metal Electrical industry. The Stork Pension Fund had more than 8,000 active participants.

The PremiePensioenInstelling (PPI) is the Dutch equivalent of the IORP and has been introduced in the Netherlands as of 1 January 2011. The PPI vehicle is a new kind of pension institution that sits alongside insurers and pension trusts and is particularly well suited to offering defined-contribution plans and cross-border pension solutions. The Robeco PPI Foundation was one of the first parties in the Netherlands to be granted a license in August 2011. Since the PPI complies with the European pension directive, employers with operations in several European countries can run their pension schemes from different countries through a single pension institution.
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