News

Philips and the unions have agreed on the general form of the pension plan under the Dutch Future of Pensions Act (Wet toekomst pensioenen). The key point on which they have agreed is that we will switch to a solidarity-based contribution plan. Philips Pensioenfonds will implement this plan for all pension beneficiaries, active members and policyholders of Philips Pensioenfonds.

The 2024 pension overviews are available to everyone who receives a pension.

What is a sensible indexation rate for our pensions at 1 April 2024, 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 2026? That is the question that the Board of Trustees recently answered.

We would like to find out more about how much risk you are willing to take with your pension. We can use this information to design our investment policy. We have carried out a survey like this several times in recent years. Now, however, it is even more important for us to understand whether different age groups have different preferences. Under the new pension rules, we will be able to align the investments better to the characteristics of the separate age groups of our members. With the new system, you will have your own ‘pension savings’, which we can invest in the way that best suits your age category. Our survey gives you the opportunity to influence the decisions that we make about the future investment policy!

In 2022, the Board considered what the the new pension system and current special circumstances, such as high inflation and the situation on the financial markets, mean for the increase in pensions in the coming years. The outcome is that from 2023 onwards, the Board will annually determine the maximum that is justified when it comes to increasing your pension.

At the end of 2021, our members were informed that the pension accrual would be reduced to 1.65% in 2022 and 2023. We are pleased to inform you that this decision has been revised for the year 2023 and that the accrual percentage for that year will be increased to the ambition level of 1.85%.

On 21 November 2022 our Pensions Director - Mike Pernot - shared some information about the new legal rules for pensions with those who have not yet retired. What is the reason for new pension rules? What will change and what will stay the same? And how will this affect you?

During the Pensioen3daagse, there will be national attention for pensions. This year the Pensioen3daagse will take place on 1, 2 and 3 November. Philips Pensioenfonds will be visiting various locations on tuesday and thursday between midday and 2 p.m. If you have any questions for us about pensions, join us there and we will answer them for you.

On behalf of the pensioners, Philips Pensioenfonds has transferred an amount of € 100.483,61 to KWF Kankerbestrijding this month.