The Algemeen Burgerlijk Pensioenfonds (Dutch civil service and teachers’ pension fund) was set up in 1922. Today it is one of the biggest pension funds in the world with invested assets of over €300bn. The ABP is currently building up pensions for 1.1 million workers, holding pensions for 760,000 people who have left the service and making pay-outs to 670,000 retirees. Based in Heerlen, the ABP has branches in Amsterdam and New York. Hit hard by the credit crisis, the pension fund has frozen pensions and been forced to take steps to bolster its assets. websiteAll typical untranslatable Dutch words and expressions translated in the Dictionairy of Dutchness
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