New rules for pensions

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On 30 May 2023, the Senate approved the Future Pensions Act. What awaits you now? When will you hear what the new pension rules mean for you personally and how will we keep you informed? In the coming years, this page will be the central place where you will find the answers to those questions. Even though it is not yet known exactly what the scheme at Philips Pensioenfonds will look like, you will find a lot of information here about what you can expect.

Information about the new pension rules

The new pension scheme is expected to apply to participants of Philips Pensioenfonds from 1 January 2027. Only shortly before the introduction, it will become clear what the new scheme means for your personal situation. Before that happens, we will keep you informed of the expected timelines and what we already know about the scheme. We do this, among other things, with the questions and answers on this page. But we also work on articles and videos in which we always highlight a theme of the new pension rules and you'll find a roadmap with the most important landmarks in the decisionmaking and communication. We will also keep you informed via our digital newsletter Gener@ties and our magazine Generaties.

Nieuwe pensioenregels

Current situation of future pension scheme

Philips and the unions have agreed on the details of the future pension plan, and recorded them in a transition plan. The type of pension plan chosen is a solidarity-based contribution plan. If everything proceeds according to schedule, Philips Pensioenfonds will carry out the new pension plan from 1 January 2027 for all the pension fund’s active members, pension beneficiaries and policyholders: the new pension plan will impact everyone, whatever their situation. The solidarity-based contribution plan is a form of pension designed by the legislature to make pensions more personal, with every member having their own pension savings, combined with a collective financial reserve to offer protection against financial setbacks. 

It will be another two years or so before the new pension plan will come into effect, but even though that is far away, we are not sitting still now. Read this article to find out everything that needs to be done for us to be able to carry out your new pension plan.

Read article about process new pension plan

View transition plans

The link below will take you to the page where you will find the transition plans of the employers for whom Philips Pensioenfonds implements the pension plan.

Go to Transition plans
Mijn pensioen

Changes in pension

What is the reason for new pension rules? What are the highlights of the new pension scheme? And how do we make sure that every one of our members can get off to a good start under the new pension plan?

Read more

News and blogs

We will keep you update on the latest developments with newsarticles and blogs. 

News section

Frequently Asked Questions

Find out more about the question “Can my personal capital run out?” and more frequently asked questions from members. 

More FAQs

Members panel

We regularly ask members to provide us with feedback on our latest design, concepts and communication. You do not need specific knowledge about pensions to join. 

Join our panel

Videos: Philips Pensioenfonds explains

Recently, we have received many questions about the new pension system. On the FAQpage, we answer all kinds of questions about the new pension law, including contracts, timelines and compensation. 

Questions & Answers

What will happen in the near future?

A pension is an employment condition, which means that employers, together with the trade unions, are the first to make pension choices. Philips Pensioenfonds supports them in this and tests the feasibility of the new pension plan.

Now that Parliament has adopted the Future of Pensions Act, we are gradually helping you to prepare for the changes that the pension system will undergo. You will be receiving information from the government and your employer as well. Together with the employers, we have put together a timeline to show what we are doing in the run-up to the new pension plan, and what to expect from us during each phase. Click the image to find out more about the information you will receive over the next few years. 

Roadmap to your new pension

A good start under the new pension plan

How do we make sure that every one of our members can get off to a good start under the new pension plan that will come into effect on 1 January 2027? That is the question that the Board of Trustees recently answered. Of course we want to index our pensions by the full rate, if at all possible. However, we also need to maintain a proper buffer for when we switch to the new pension plan on 1 January 2027. For 2024, we have decided that we can index your pension by the full rate. By making use of more lenient legal rules for indexation, we can grant you this indexation. 

In the bridging plan you can read why applying the more lenient indexation rules is a sensible decision given the pension fund’s finances, and how it will affect our members in the different age categories.

What do our participants think?

 

During our last annual participant survey, we asked members to share about their confidence in the new system. We consider the interest of all of our participants and constantly inform you about the developments. If you have any questions, do not hesitate to contact us. In addition, we ask for feedback on our communication and designs for the Pension Portal of the future.

Faith in the new pension system:

Active member: “I understand that change is needed and I also feel uncertainty about the fact that benefit will become more flexible. I am confident that pension funds are well aware of this and take the necessary precautions."

Retired member: "It seems to be a realistic method, which is also used abroad. With the previous change to FLEX pension, things have also improved, let's hope that this will also be the case concerning the new pension system."

 

 

Suspicion of the new system:

Active member: “In this new system, I might have less money when I need it most, and the media and peer reports are not positive."

Retired member: ""It's unfair to change the rules for people who already receive a pension. I can't take any additional measures now and I have little faith in the government."

Related information

The information below might also be interesting for you

Pensioen duidelijkheid (clarity about pensions) 

An online platform created by the Ministry of Social Affairs and Employment with information about what the new rules entail. 

Visit pensioenduidelijkheid.nl (Dutch only)

Overview news items

The annual increase in pensions must be sensible given that we want to transition to the new pension system on 1 January 2027 in good financial health. In the annual indexation decision, the Board explains how this assessment is made.

Overview indexation news