News

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.

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.

In the middle of this holiday period, I like to briefly look ahead to the second half of this year. The Future Pensions Act and the socially responsible investment of your pension money will again be high on the agenda in the second half of the year. We will also evaluate our indexation policy.