News

The 2023 pension overviews are available to everyone who receives a pension.

Pension increase on 1 April 2023 based on balancing the highest possible indexation against the need to protect the financial buffer

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.

Unfortunately, it was temporarily not possible to see your pension accrual with us on mijnpensioenoverzicht.nl. This disruption has now been resolved and all information about your pension is visible again.

Today, all participants who accrue pension with Philips Pensioenfonds or receive a pension from us, received the latest edition of our Generaties magazine. In this edition Christiane van der Wateren and Eric Coutinho talk about the role of the Accountability Body within Philips Pensioenfonds and the new composition of the Accountability Body. We also tell you what the Pension Agreement ('Pensioenakkoord') means for you as a participant of Philips Pensioenfonds.

In the past month, the current funding ratio has risen from 110.9% (end of September) to 113.1% (end of October). After a fall in the third quarter, interest rates rose again in October. This is because the US and China seem to be getting closer to resolving the trade dispute. In addition, a firm Brexit has been averted in the short term now that the EU has agreed to a third extension until 31 January 2020. This interest rate increase did indeed reduce the value of the fixed-interest portfolio. But this negative effect on the funding ratio was more than offset by a stronger fall in pension liabilities. Stock markets also responded positively to developments regarding the trade dispute and Brexit. The value of the portfolio with real values ​​increased in the past month. On balance, the rise in interest rates and positive stock markets led to an increase in the current funding ratio by 2.2 percentage points in October.

Philips Pensioenfonds exerts influence in various ways on companies in which we invest. As a shareholder in many companies, for example, we have the option of voting at shareholder meetings. And if companies in which we invest violate the Global Compact principles, we address them to this.

You probably would rather not think about it, but imagine that you will die ... do you know how your partner and children are left behind financially? A few things are also arranged for your partner within the flex pension. But you have to do something for it yourself!