News

The 2025 pension overviews are available to everyone who receives a pension.

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.

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!