Pensions Caixa 30 is the employment plan of Caixabank, established in 2000 covers the contingencies of retirement, disability and death, and serves as a complement of the public pension system.
The Fund is the largest pension fund in Spain with more than €5.8bn
It is an hibryd scheme.
The DB arrangement covers the contingencies of death and disability, accounts for 28% of the total portfolio and is insured by an inflation-linked insurance contract.
The DC arrangement covers the retirement contingencies, accounts for the remaining 72% of the portfolio invested with a single investment strategy highly diversified across asset classes.
The scheme has 34.830 active members, 9.782 beneficiaries and 3.412 inactive members.
The Control Committee is the body responsible for overseeing the operations of the pension plan. It is composed of 15 members, 4 on behalf of the sponsor (CaixaBank) an 11 on behalf of the members and beneficiaries and are appointed by union agreement.
The Control Committee has two subcommittees with delegated functions. On one hand the Governance Subcommitte, that deals with issues related to the fund mission and goals, organization and resources and SRI. On the other hand the Investment Subcommittee, that deals with issues related to the fund investment strategy, portfolio construction and performance monitoring.
The fund investments are managed by Vidacaxa S.A., an insurance company owned by Caixabank, that acts as a fiduciary manager.
The depository is Cecabank S.A