Inhoudsopgave3Profiel 7Organisatie

Inhoudsopgave
3
Profiel 7
Organisatie 8
Meerjarenoverzicht 9
2012 in hoofdlijnen 10
Verslag van het bestuur 13
Meerjarenbeleid 14
Meerjarenbeleid 2011 - 2015 14
Ontwikkelingen 2012 15
Onze uitdagingen voor 2013 16
Communicatie 18
In dialoog met deelnemers en werkgevers over nieuwe pensioenregeling 18
Strategie ‘Passende Klantdialoog’ succesvol 18
Regie, vertrouwen en dialoog met deelnemer 19
Marketing en communicatie naar werkgevers en sociale partners 20
Resultaten en ambities beleidsindicatoren 20
Solidariteit in beweging 22
Ontwikkelingen op pensioengebied 22
Europa 24
Wijzigingen pensioenreglement en uitvoeringsreglement 25
Ontwikkelingen in de sector 26
Nieuwe branches 27
Marktontwikkelingen 28
Ontwikkelingen in 2013 30
Financiële opzet 31
Verloop van de dekkingsgraad in 2012 31
Effect van rente en beurzen op financiële positie 32
Indexering 32
Pensioenpremie voldoet aan Pensioenwet 33
Verloop van het herstelplan is kwetsbaar 33
Monitoring grondslagen: stijging van de pensioenpremie voor 2013 37
Beleggingsbeleid: basismix beoogt een stabiel en hoog rendement 37
Ontwikkelingen in 2013 38
Samenvatting actuarieel rapport boekjaar 2012 waarmerkend actuaris 39
Oordeel waarmerkend actuaris 39
4
Beleggingen 40
Economie en financiële markten 40
Beleggingsbeleid 41
Resultaten in meerjarig perspectief 45
Beleggingsresultaat in 2012 46
Z-score en performancetoets 53
Aansluiting op de jaarrekening 54
Verantwoord beleggen 55
Stimuleren van maatschappelijk verantwoord gedrag 56
Ontwikkelingen in 2013 59
Pensioenfonds in bedrijf 61
Inrichting governance 61
Regie op uitbesteding 64
Kosten van uitbesteding 65
Risicomanagement 72
Ontwikkelingen in 2013 74
In Control Statement 75
Verantwoording bestuurlijke gremia en colleges 76
Verantwoording van het bestuur 76
Verantwoording van de commissie algemene zaken 78
Verantwoording van de pensioencommissie 79
Verantwoording van het audit committee 80
Verantwoording van de bestuurscommissie investments 81
Verantwoording van de Pensioenraad 82
Verantwoording van de commissie van beroep 84
Verantwoording van de commissie intern toezicht 84
Mededeling van de Pensioenraad 88
Jaarrekening 91
Geconsolideerde balans per 31 december 2012 92
Geconsolideerde staat van baten en lasten 2012 93
Geconsolideerde actuariële analyse van het saldo van baten en lasten 2012 94
Geconsolideerd kasstroomoverzicht 2012 95
Toelichting geconsolideerde jaarrekening 96
Enkelvoudige balans per 31 december 2012 153
Enkelvoudige staat van baten en lasten 2012 153
Toelichting enkelvoudige jaarrekening 154
Overige gegevens 157
Actuariële verklaring 158
Controleverklaring van de onafhankelijke accountant 160
Bestemming van saldo van baten en lasten 161
Gebeurtenissen na balansdatum 161
5
Personalia 162
Bestuur 162
Externe adviseurs bestuurscommissie investments 162
Commissie intern toezicht 162
Commissie van beroep 162
Externe compliance officer 162
Reporting officer 162
Samenstelling van de Pensioenraad 163
Samenstelling van het bestuursbureau 163
Bijlagen 165
Bijlage 1: Specifieke bestuurscolleges 166
Bijlage 2: Gebruikte begrippen en afkortingen 167

結果 (英語) 1:

contents
3
profile 7
organization 8
multiannual table 9
2012 outlines 10
Report of the Directors 13
multiyear 14
multiyear 2011-2015 14
developments 2012 15
our challenges for 2013 16
communication 18
in dialogue with participants and employers about new pension strategy 18
'appropriate customer dialogue' successful 18
direction, trust and dialogue with participants 19
marketing and communication to employers and social partners 20
results and ambitions policy indicators 20
solidarity movement 22
developments in the pension area 22
europe 24
changes pension regulations and implementing regulations 25
developments in the sector 26
new branches 27
market developments 28
developments in 2013 30
31
financial structurecourse of the coverage in 2012 31
effect of interest and fairs financial position indexing 32
32
33
pension meets Pensions course of the recovery is fragile 33
monitoring principles: increase in the pension contribution for 2013 37
investment: base mix aims a stable and high efficiency developments in 2013 37
38
summary actuarial report FY 2012 certifying actuary 39
judgment certifying actuary 39
4
investments 40
economy and financial markets 40
investment 41
results in long-term perspective 45
investment result in 2012 46
z-score and performance test 53
connection to the financial statements 54
55
RI encouraging socially responsible behavior 56
developments in 2013 59
61
company pension fund governance arrangement 61
64
direction on outsourcing outsourcing costs risk 65
72
74
​​developments in 2013 in control statement 75
accountable administrative bodies and colleges 76
76
accountability of governance responsibility of the General Affairs Committee 78
responsibility of the Pension Committee 79
responsibility of the Audit Committee 80
accountability of the board committee investments 81
justification of the pension board 82
justification of the appeals committee 84
justification of the Internal Supervision Committee 84
Communication from the pension board 88
accounts 91
consolidated balance sheet as at 31 December 92
2012 consolidated statement of income and expenditure in 2012 93
consolidated actuarial analysis of the balance of income and expenditure 2012 94
consolidated cash flow statement 2012 95
notes consolidated financial statements 96
balance sheet as at December 31, 2012 153
single statement of income and expenses 2012 153
notes company financial statements 154
other information 157
actuarial Statement 158 ​​
auditor's report of the independent auditor 160
destination of balance of income and expenses 161
subsequent events 161
5
personal 162
Board 162
external advisors board committee investments 162
Internal Supervision 162
appeals committee 162
external compliance officer 162
Reporting Officer 162
composition of the pension board 163
composition of the Executive Office 163
165
Annexes Annex 1: Specific Executive Councils
166 Annex 2: Terms and abbreviations used 167

結果 (英語) 2:

Table of contents
3
9


Profile 7 Organization 8 multiannual table 2012 in the Board's Report outlines 10
13
Plans 14
Plans 2011-2015 14
Developments 2012 15
our challenges for 2013 16
Communication 18
In dialogue with participants and employers about new pension scheme 18
Strategy ' appropriate Customer dialogue ' success in 18
direction, trust and dialogue with participant 19
Marketing and communication to employers and social partners 20
results and ambitions policy indicators 20
solidarity in motion 22
Developments in the area of pensions and pension regulations 24

22 Europe Changes implementing regulations 25
developments in the sector of 26 27 28


new industries market developments developments in 2013 30 31

Financial structureCourse of the coverage in 2012 31
Effect of interest rates and scholarships on financial position 32
32
Indexing pension premium meets Pensions Act 33
Gradient of the recovery plan is vulnerable 33
Monitoring bases: increase in pension premium for 2013 37
investment policy: basic mixes seeks a stable and high efficiency developments in 2013 38 37

Waarmerkend actuary actuarial report fiscal year 2012 summary 39

4
waarmerkend actuary Considers 39 investments economic & financial markets 40 40

investment policy 41
results in multiannual perspective 45
investment result in 2012 46
Z-score and performance following the financial statements 54 53 key

responsible investment encouraging socially responsible behavior 56 55

Developments in 2013 59
pension fund in company 61
Décor governance 61
Direction on outsourcing risk management of Outsourcing Costs 65 64

72
developments in 2013 74
In Control Statement 75 administrative bodies and colleges 76

Accountability Accountability of the Board 76
justification for the General Affairs Commission of the Pension Commission Accountability 79 78

Responsibility of the audit committee 80
justification of the Administrative Commission investments 81
justification of the pension Council 82
justification of the Appeal Commission's internal monitoring Accountability 84 84

communication from the pension Council 88 91

financial statements consolidated balance sheet as at 31 december 2012 92
Consolidated statement of income and expenditure 2012 93
Consolidated actuarial analysis of the balance of income and expenses 2012 94
consolidated cash flow statement 2012 95
Notes consolidated financial statements company balance sheet at 31 december 2012 153 96

Simple statement of income and expenditure 2012 153
Notes company financial statements 154


Actuarial statement other information 157 158Independent auditor's report 160
destination of balance of income and expenses 161

5
Co-ordinates events after the balance sheet date 161 162 162 162 Board


internal monitoring External advisors Commission Administrative Commission investments 162
jury of appeal 162 162 162

External compliance officer Reporting officer
composition of the pension Council 163
Composition of the Management Board 163 165

Annexes annex 1: Annex 2: Specific terms used and Executive Councils 166
abbreviations 167

結果 (英語) 3:

Table Of Contents
3
Profile 7
Organization 8
Situation As 10
9
2012 main Report of the board 13
Meerjarenbeleid 14
Meerjarenbeleid 2011 - 2015 14
Developments 2012 15
Our challenges for 2013 16
Communication 18
In dialog with participants and employers on new pension scheme 18
Strategy 'Appropriate Klantdialoog' successful 18
Regie, trust and dialog with participant 19
Marketing and communication to employers and social partners 20
Results and ambitions policy indicators 20
solidarity movement 22
Developments on pensions 22
Europe 24
Changes pension regulations and implementing regulations 25
Developments in the sector 26
New classes 27
Market Developments 28
Developments in 2013 30
Financial structure 31
Progress of the coverage rate in 2012 31
Effect of interest and fairs on financial position 32
Indexation 32
Contributions meets Pension 33
Progress of the recovery plan is vulnerable 33
Monitoring bases: increase of the pension contributions for 2013 37
Investment Policy: basismix seeks a stable and high performance 37
Developments in 2013 38
Summary actuarial report financial year 2012 waarmerkend actuary 39
Considers waarmerkend actuary 39
4
Investments 40
Economy and financial markets 40
Investment Policy 41
Results in multiannual perspective 45
Beleggingsresultaat in 2012 46
Z-score and performancetoets 53
Connection to the financial statements 54
Responsible invest 55
Encourage socially responsible behavior 56
Developments in 2013 59
Pension Fund in company 61
Decor governance 61
Regie on outsourcing 64
Costs of outsourcing 65
Risk Management 72
Developments in 2013 74
In Control Statement 75
Accountability administrative bodies and colleges 76
Accountability of the board 76
Accountability of the commission general affairs 78
Accountability of the pensioencommissie 79
Accountability of the audit committee 80
Accountability of the exaggerated investments 81
Accountability of the Pensioenraad 82
Accountability of the commission of appeal 84
Accountability of the commission internal monitoring 84
Communication of the Pensioenraad 88
Accounts 91
Consolidated balance sheet per december 31, 2012 92
consolidated statement of income and expenditure 2012 93
Consolidated actuarial analysis of the balance of income and expenditure 2012 94
consolidated cash flow statement 2012 95
Explanatory Notes consolidated financial statements 96
Single balance per december 31, 2012 153
Single status of income and expenditure 2012 153
Explanation separate financial statements 154
Other data 157
Actuarial statement 158
Control Attestation of the independent auditor 160
Destination of balance of income and expenditure 161
Events after the balance sheet date 161
5
Biographical 162
Board 162
External consultants exaggerated investments 162
Commission internal monitoring 162
Commission of appeal 162
External compliance officer 162
Reporting officer 162
Composition of the Pensioenraad 163
Composition of the bestuursbureau 163
Annexs 165
Annex 1: Specific agencies' managing 166
Annex 2: Used terms and abbreviations 167