The Board of Trustees renders account for its policies and how they are implemented to the Accountability Body. The Accountability Body has the authority to render an opinion on those policies and their implementation, and on the Board’s decisions about future policies. Its opinion is published in the annual report for that year.
The Accountability Body also has the right to advise on various matters, as dictated by law. The Board seeks input from the Accountability Body for establishing the pension fund’s goals and policy assumptions, including its risk appetite.
Opinion Accountability Body
In the annual report the opinion of the Accountability Body is included each year.
Composition of the Accountability Body
The Accountability Body is made up of four representatives of the retired members, one representative of the active members and one representative of the employers. It also has stand-in members for the employees and the employers.
Representing the retired members:
- Eric Coutinho
- Jan Cuperus
- Roland Takken
- Ad Verhagen
Representing the active members:
- Michael van Hartskamp
- Huon van de Laarschot (stand-in member)
Representing the employers:
- Thijs de Groot
- Jan Hoogeveen (stand-in member)
Accountability Body’s opinion
The opinion on the 2021 reporting year is presented in the 2021 annual report, together with the response of the Board of Trustees. The Accountability Body’s opinion starts on page 111 of the annual report.
The annual report 2022 will be published in June 2023.
We try to increase your pension every year. This is called 'indexation'. But indexation cannot be taken for granted. Do you want to know more about our indexation policy?
Influence of interest and return
With this model you get an idea how interest and return can influence the financial health of Philips Pensioenfonds.