Agreements on new pension plan are known
Philips Pensioenfonds now has to review the finalised transition plan
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 this plan, the social partners explain why certain choices were made and which considerations (advantages and disadvantages) were taken into account. They also explain how the pensions already accrued will be dealt with. In December 2024, all employers for whom Philips Pensioenfonds administers the pension plan will have finalised their transition plan.
Here you will find the transition plans of the employers for whom we administer the pension planNew pension rules
On this page you will find all information about the new pension rules, such as explanatory videos, questions and answers and a timeline.
Go to New pension rules*The social partners are the employers' and employees' organisations. At Philips and Signify, agreements have been made with the trade unions for for employees to whom the collective labor agreement applies and with the Central Works Council for the Flex-ES scheme. At Versuni, the Works Council was involved in the agreements on the pension plan.
Review agreements made
Now, Philips Pensioenfonds has to review whether the agreements of the social partners can be carried out and we will review independently of the social partners whether the agreements are ‘balanced’ for the participants of the Fund. If everything goes according to plan, we will implement the new plan as from 1 January 2027 for all active members, pension beneficiaries and non-contributory policyholders of the Fund. So whatever your situation: everyone will be affected by the new pension plan.