News

The developments on the stock markets as a result of the import tariffs announced by the United States also affect the financial health of Philips Pensioenfonds. We have listed four questions and answers on this subject for you.

The process of deciding on the new pension plan recently took another step forward. During the first calendar quarter of this year, the Accountability Body issued a favourable opinion on the Board’s provisional resolutions for the new pension plan. This allowed the Board to confirm its resolutions in late-March, subject to two contingencies.

All pension accruals received an invitation from Philips Pensioenfonds asking them to cast their vote. Until 15 April elections will be held for a new member of Philips Pensioenfonds’s Accountability Body on behalf of the active members.

What is a sensible indexation rate for our pensions at 1 April 2025, to 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 in 2027? That is the question that the Board of Trustees recently answered. In 2025, we can grant our members’ pensions full indexation in accordance with our ambition. This indexation is made possible by more lenient legal rules for indexation.

In recent years, as a pension beneficiary, you received the pension specification for January and the annual statement for the previous year at the same time. From 2025, you will still receive both documents at the beginning of January, but no longer at exactly the same time.

The social partners have made agreements about the new pension plan of Philips Pensioenfonds. In May 2024 it was already announced that the so-called solidarity-based contribution plan had been chosen. All agreements about the new pension plan have now been included in the ‘transition plan’.

In about two years, all our members (active members, pension beneficiaries and members with a non-contributory policy) will switch to a new pension plan that aligns with the new legal rules for pensions. We recently decided on the scheduled date for the switch to the new pension plan: 1 January 2027.

On behalf of the pensioners, Philips Pensioenfonds has transferred an amount of € 97,676.48 to KWF Kankerbestrijding this month. 

Philips Pensioenfonds has received an electoral list exclusively from the Federation of Philips Associations of Pensioners (FPVG). Because this organization is the only one to have submitted a list of candidates and no individual candidates have applied, no elections will follow.

In May, we announced the news that Philips and the unions had agreed on the details of the future pension plan, and that they had decided on a solidarity-based contribution plan. 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 on to find out more about the process ahead during the next two years.