Versurgungsanstalt des Bundes und der Lander

Versurgungsanstalt des Bundes und der Lander (VBL) is a multi-employer corporate pension based in Karlsruhe, Germany. Established in 1929, the plan is supervised by the Federal Finance Ministry (Bundesministerium der Finanzen) and the Federal Financial Supervisory Authority (BaFin). The assets of the plan are managed by the executive management team.