Choose your retirement age
Have you reached the age of 58? Then you can choose your retirement age. You decide at what age you will retire.
If you accrue pension with Philips Pensioenfonds, you can choose when you want this pension to start. The amount of your pension depends on the various choices you make. Your choice must be known to Philips Pensioenfonds no later than 6 months before you wish to receive your pension. We are happy to help you make this choice.
Step 1: check your details in MijnPPF
MijnPPF is the secure web environment in which you can find your personal pension information. After you have logged in, go to 'Profile'. There you can view your details and those of your partner. Are your details incorrect? Then you can adjust some information yourself on your profile page.
Why do I have to check my details?
The correct information is important, because the pension amounts in the Pension Planner can change as a result. Be sure to check that your partner's details are correct. Only then will your partner receive a survivor's pension after your death.
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Step 2: calculate the consequences of your choices in the Pension Planner
You can also find the Pension Planner in MijnPPF. The Pension Planner shows your salary, your pension income and the AOW pension from the government graphically. As long as you have not yet chosen a retirement age, the Pension Planner assumes the standard retirement age of 68 years. In addition, some other default choices are assumed. You can now adjust the standard choices yourself and calculate the financial consequences this will have for your pension. This will give you a good idea of your possible pension situation. You can choose your retirement age based on this.
MijnPPF: Pension Planner
With the Pension Planner in MijnPPF you can calculate certain pension choices.
Go to MijnPPFRetirement age
In the Pension Planner you can see what consequences certain starting ages have for your pension. Would you like your pension to start before the age of 68? Then your pension will be lower. You stop working earlier and therefore accrue pension for less time. Moreover, you will receive your pension earlier and therefore longer. If you retire later, your pension will actually be higher. You cannot record your choice of retirement date via the Pension Planner. You can read how to do this in step 4.
Part-time retirement
Would you like to work less in the run-up to your retirement date? Then part-time retirement is a possibility. You will then work less and will receive part of your pension for the other hours. The pension accrual continues for the percentage that you continue to work. You make agreements with your manager about the working hours during the period of part-time retirement. These agreements are recorded in an agreement. You cannot calculate the consequences of part-time retirement in the Pension Planner. There are various schemes in which you can work less while retaining pension accrual. You can read more about this in your CLA.
You can also calculate your choices regarding the survivor's pension, bridging pension and the high / low arrangement in the Pension Planner.
Go to Pension Planner in MijnPPFStep 3: Provide your retirement age
You do not have to make the choice of your retirement age immediately. You must report your retirement age no later than six months before you wish to start your pension. For example, would you like to retire when you are 63.5 years old? Then you must report this before you turn 63. Would you like to retire between the ages of 68 and 70? This is only possible if your employer agrees.
Report retirement age
Do you know when you want to retire? Then coordinate this with your manager. At Philips and Versuni your supervisor ensures that your chosen age is recorded. Do you work at Signify? Then, after consultation with your manager, you determine your chosen retirement age yourself via HR Services.
Philips, Versuni or Signify will send a copy of the agreement to Philips Pensioenfonds. You do not have to inform the Pension Fund yourself. You will then receive written confirmation that we have recorded your choice.
Please note: once you have chosen your retirement age, you can no longer change it.
Assistance
During the online pension interview, we will explain how to choose your retirement age and discuss the choices you can make when you retire.
More about video callingStep 4: make choices about your income
Have you chosen your retirement date? Then go to the Pension Planner in MijnPPF six months before your chosen retirement date. At that time you can enter your definitive pension choices in the Pension Planner:
- Option 1: Retain or exchange survivor's pension
- Option 2: Bridging pension
- Option 3: First more and then less pension (high-low arrangement)
- Option 4: Part-time pension
The Pension Planner takes you step by step through the various choices you have. Have you made your choices? Then you finalize your pension application by printing, signing and returning the summary of your choices. Your pension application will then be processed and your choices will only be finalized.
Pension choices 6 months before retirementRelated information
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Indexation policy
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Mijnpensioenoverzicht.nl
This website gives you insight into your total pension situation. There you will also see the pension that you may have accrued with other employers.
Go to Mijnpensioenoverzicht.nl