Important considerations for your situation ahead of the NexT Pension
The pension scheme of Philips Pensioenfonds will change on 1 January 2027. From that moment onward, the NexT Pension will take effect. Have you received information from us about your pension? If so, it is important to know that this is still based on the current pension scheme. Below, we would like to explain what the transition to the NexT Pension scheme means for your pension and any choices you may have in different situations.
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We can also go through the important considerations with you personally. Please contact our Service Desk at +31 (0)88 - 015 79 00 (on working days from 9.00 - 17.00 hours) or by email.
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What does your situation mean for your pension from 1 January 2027 onwards?
Choose retirement age
The choices you can make for your pension will remain available in the NexT Pension scheme. You can submit your choices using the Pension Planner in MijnPPF. The pension amounts calculated in the Pension Planner are based on the current pension scheme.
| Are you retiring in 2026? | Then you can use the Pension Planner in MijnPPF. |
| Are you choosing a retirement date after 1 January 2027? | Then you can also use the Pension Planner, but the pension amounts will differ from those shown in the Pension Planner. |
| Is your desired retirement date is March 2027 or later? | Please use the updated Pension Planner starting from 6 February 2027 to submit your choices. |
You will not receive compensation if you retire before 1 January 2027
Please note: if you continue to accrue a pension with us before 1 January 2027 and you have not yet retired, you may receive compensation. You will not receive compensation if you retire before 1 January 2027.
Your pension starts before 1 January 2027
Have you already submitted your choices and selected a pension start date before 1 January 2027? Your pension payments will take place in 2026 based on the current pension scheme. On 1 January 2027, we will convert your pension to the NexT Pension scheme. Your pension will, more than now, move along with the waves of the economy. You will still receive a lifelong pension.
In November 2026, you will receive a pension statement with a provisional calculation of your pension after 1 January 2027, based on the assumption that you are retired. This statement is based on the pension choices you have made, provided these were known to us before 30 June 2026. Otherwise, this statement is based on standard assumptions..
Your pension starts after 1 January 2027
Have you already submitted your choices and selected a pension start date after 1 January 2027? In that case, you will receive your pension based on the NexT Pension scheme. However, the confirmation letter you received is based on the current pension scheme. The amounts will therefore be different.
Receiving a pension
You will then receive your retirement pension under the current pension scheme. On 1 January 2027, your pension will be converted to the NexT Pension scheme. We will convert your accrued pension into a personal pension capital. No value will be lost in this process: legal safeguards have been put in place to ensure this. This conversion applies to all our participants; you cannot opt out of it.
Under the new pension scheme, you will continue to receive your pension for as long as you live. Your personal pension capital in the NexT Pension scheme will move in line with the economy. This may be either negative or positive. We adjust the value of your pension capital once a year.
Want to know more? Click here to read more about receiving a pension under the NexT Pension scheme.
If a participant passes away before 1 January 2027, the survivor’s pension is calculated based on the current pension scheme. On 1 January 2027, this survivor’s pension will be converted into a personal pension capital. No value will be lost in this process: legal safeguards have been put in place to ensure this. This conversion applies to all our participants; you cannot opt out of it.
Under the new pension scheme, you will continue to receive the survivor’s pension for as long as you live. Your personal pension capital in the NexT Pension scheme will move in line with the economy. This may be either negative or positive. The value of your pension capital is adjusted once a year.
Want to know more? Click here to read more about receiving a pension under the NexT Pension scheme.
If you receive your disability pension before 1 January 2027, the disability pension is calculated based on the current pension scheme. On 1 January 2027, your disability pension will be converted into a personal pension capital. No value will be lost in this process: legal safeguards have been put in place to ensure this. This conversion applies to all our participants; you cannot opt out of it.
Your personal pension capital in the NexT Pension scheme will move in line with the economy. This may be either negative or positive.
Change in employment situation
If you started working in 2026, the information you have received from us is still based on the current pension scheme. You will start to accrue a pension under the current scheme, and on 1 January 2027 we will convert your accrued pension into a personal pension capital. You may also be entitled to compensation. You can read more about the NexT Pension scheme here.
- If you started working before 1 July 2026 and your employer provided this to us before 1 July 2026, you will receive a pension statement in November 2026 with a provisional calculation of your pension in the NexT Pension scheme.
- If you started working on or after 1 July 2026, you will not receive a pension statement with a provisional calculation of your pension in the NexT Pension scheme. In 2027, however, you will receive the regular pension statement with amounts applicable under the new pension scheme.
If you leave employment before 1 January 2027, the pension you have accrued will remain with Philips Pensioenfonds. When transitioning to the NexT Pension scheme, this accrued pension will be converted into a personal pension capital.
Please note: if you leave employment before 1 January 2027, you will not receive any compensation. Are you leaving employment due to a reorganisation? If so, please check with your employer whether you can make use of an arrangement that may still make you eligible for compensation.
The pension statement you receive in November may still assume that you are employed. It may therefore include a compensation amount to which you are not entitled.
Have you received a quotation from us for a value transfer and agreed to it? Please make sure you return the signed quotation to us before 1 december 2026. This will allow us to process the value transfer before the transition to the NexT Pension scheme.
A value transfer is only possible if both pension funds are subject to the same statutory rules. There may therefore be situations in which a transfer of pension value may only take place after 1 January 2028. A transfer of pension value from or to an insurer or a premium pension institution remains possible at all times.
Are you going to work more or fewer hours before 1 January 2027? In that case, you will also accrue more or less pension and may receive more or less compensation. You can read more about compensation here.
Change in relationship status
If your partner is registered before 1 January 2027, you will accrue a survivor’s pension under the current pension scheme until 1 January 2027. This survivor’s pension will remain in the NexT Pension scheme. In the NexT Pension scheme, your partner and any children are automatically insured for partner’s and orphan’s pension, as long as you are employed.
The survivor’s pension changes under the NexT Pension scheme. Would you like to know what will change? Please click here.
If your relationship ended before 1 January 2027, the end of your relationship will be settled based on the current pension scheme. The divided pension will subsequently be converted into a personal pension capital.
If you are eligible for compensation, you will receive a one-off additional amount paid into your personal pension capital at the time of the transition to the NexT Pension scheme. If the divorce and pension division take place before 1 January 2027, the compensation falls outside the (statutory) pension division. If the divorce and pension division take place on or after 1 January 2027, the compensation is included in this division. Different arrangements regarding pension division may have been agreed in a prenuptial agreement, partnership agreement, or notarised cohabitation agreement.
Related information
The information below might also be interesting for you
New rules for pensions
On this central page you will find information about what you can expect in the years to come.
To central page
Personal contact
Contact our Service Desk to find out what the new pension scheme means for you personally.
To contact page