NETHERLANDS - PMT, the €37bn pension fund for metalworking and mechanical engineering, has appointed Benne van Popta as its new employers' chairman.

On 1 January 2011, Van Popta will take over from Hep van Luunen, who has been at the helm during 2010, the industry-wide scheme Metaal en Techniek said.

The new chairman is a macroeconomist who has served as employers' chairman of pension funds lobbying organisation VB since 2005.

He has also chaired the €8bn pension fund for the retail sector for the past decade.

In 1995, Van Popta was appointed both director for national policy and chief financial officer at the employers' representative organisation for small and average-sized companies MKB Nederland.

PMT has indicated to be pleased with the appointment of Van Popta, who is 58.

Jan Berghuis, the employees' chairman at PMT, said: "Just as our board needs to fill in the pension agreement between employers and employees, it is good to do this under a chairman with the governing capacities of Van Popta."

With 1.2m participants at more than 34,500 affiliated companies, PMT is the largest market scheme in the Netherlands.

PMT's coverage ratio was 91% at the end of October.