The Pensioenfonds voor de Gezondheid, Geestelijke en Maatschappelijke belangen or PGGM was founded in 1969 when a number of small health service pension funds merged. With some €90bn under management, PGGM is the country’s second biggest pension fund. It has some 670,000 members and pays pensions to around 240,000 people. The organisation is based in Zeist and has a workforce of around a thousand.