News

7 September 2022

News

In memory of Judit Vennix

On September 3, we received the sad news that our colleague Judit Vennix passed away much too young, at the age of 45. Judit worked for more than 13 years at the Pension Fund Office of Philips Pensioenfonds as an ALM strategist. We know Judit as a social and committed colleague who devoted herself fully to the Pension Fund and its participants.

28 July 2022

News

Pension overview for paid-up policies available

Are you no longer employed by Philips or Signify? Then the Uniform Pension Overview 2022 is ready for you in MijnPPF.

28 July 2022

News

Quarterly report Q2-2022 has been published

The quarterly report for the second quarter of 2022 has been published. You can download the report from our website.

In the second quarter of 2022, the current funding ratio decreased from 127.3% to 126.1%. The policy funding ratio, which reflects the average over the past 12 months, did show a slight increase in the second quarter from 128.1% to 128.6%.

28 June 2022

News

Pension overview for active members available

Are you still employed by Philips or Signify? Then the Uniform Pension Overview 2022 is ready for you in MijnPPF.

23 June 2022

News

Magazine Generaties is published

In this edition, among other things: two board members look back at 2022, how does Philips Pensioenfonds take into account the sustainable development goal 'Good health and well-being' in the equity portfolio and the new option 'lump sum'.

7 June 2022

News

Annual report 2021 published

After a turbulent 2020, the Fund's financial position continued to improve in the year under review. We were able to close the year 2021 in good financial health. The policy funding ratio increased from 109.8% at the end of 2020 to 125.8% at the end of 2021. The current funding ratio at the end of 2021 was even higher at 132.3%. This enabled us to bring good news to our participants earlier this year about the indexation of pensions.

10 May 2022

News

Philips Pensioenfonds hardly invests in private equity

Last week, questions were asked in the House of Representatives about investments by pension funds in complex investment products and the performance fees that are paid in connection with this. Philips Pensioenfonds does not or hardly invests in the relatively expensive investment categories that are part of that conversation. For example, it does not invest in hedge funds and in the past it was decided to no longer invest in private equity. That investment category is therefore being phased out and about € 2 million remains, which amounts to approximately 0.01% of the invested capital.

24 March 2022

News

Pensions of members of Philips Pensioenfonds to increase

Philips Pensioenfonds ended 2021 in a strong financial position. This is good news for all our members: we will grant full indexation on our pensions at 1 April 2022.

3 March 2022

News

Do the events in Ukraine affect the investments of Philips Pensioenfonds?

Investing pension money is necessary to be able to offer you a good pension. That is why the assets of Philips Pensioenfonds are invested. We can imagine you are wondering whether the current events in Ukraine are affecting the Fund's investments. The answer to this question is affirmative. In this news item we will give you more information about this.

27 January 2022

Blog

Making up missed indexation: how does that work?

Philips Pensioenfonds believes that the pensions that it offers should retain their purchasing power in the long term, so that they still buy as much in the future as they do now. That is our ambition. To realise that ambition, we need to adjust your pension to reflect wage increases (for active members) and increases in prices (for pension beneficiaries and non-contributory policyholders). From 2011 to 2021, however, Philips Pensioenfonds did not fully index its pensions. If you were a member of our pension fund during that time, this means that you missed out on indexation. In 2022, we can make up the difference a little, by granting compensatory indexation. To do this, we must comply with a number of legal rules that apply.