Choices for your pension contributions in short
- Do you accrue pension with Philips Pensioenfonds? You and your employer make fixed contributions to your pension every month. In addition, you can make choices about your flexible contributions. We add the total contributions to your personal pension capital.
- The level of the fixed contribution is set out in your terms of employment. Below you can find information about the fixed contribution for each employer. You cannot make any choices about the fixed contribution.
- Up to the salary threshold of €90,125 (2026 level, based on full-time employment), there is no flexible contribution by default. You can choose to contribute up to an additional 4% to your pension.
- Is your pensionable salary higher than the salary threshold? A default flexible contribution applies to the part of your pensionable salary above this threshold (up to the maximum salary of €137,800, based on full-time employment). You can increase or decrease this contribution. Below you can see which default flexible contribution applies to you.
- Contributing more means a lower income now and a higher pension later. Contributing less means a higher income now, but a lower pension later.
- Your payslip shows the amount of your own contribution (your share of the fixed contribution and the flexible contribution). Your own contribution is deducted from your gross salary, so the net amount you pay is lower.
More information about fixed and flexible contributions
The NexT Pension has both fixed and flexible contributions. The fixed contribution, together with any flexible contribution, is added to your personal pension capital.
The level of the fixed contribution differs per employer. You cannot make any choices about this part of the contribution. Below you can see which fixed contribution applies to your employer.
You can also see below which flexible contribution applies to you by default if your pensionable salary is higher than the salary threshold of €90,125 (2026 level). You can make choices about this part of the contribution.
Fixed and flexible contributions (in %)
The table distinguishes between contributions on the pension base up to the salary threshold of €90,125 (based on full-time employment) and contributions on the part of your pensionable salary above this salary threshold (up to the maximum pensionable salary of €137,800, based on full-time employment).
| Fixed contribution up to the salary threshold | Flexible contribution up to the salary threshold (default) | Fixed contribution above the salary threshold | Flexible contribution above the salary threshold (default) | |
| No choices available | You can increase this to up to 4% | No choices available | You can reduce this to 0% or increase it by 4%-points | |
| Philips: collective labor agreement employees | Employee contribution: 8% Employer contribution: 18% |
Employee contribution: 0% | Employer contribution: 18% | Employee contribution: 8% |
| Philips: Executives en Senior Directors | Employee contribution: 8% Employer contribution: 18% |
Employee contribution: 0% | N/A* | Employee contribution: 26% Employer compensation: 18%*** |
| Signify: collective labor agreement employees | Employee contribution: 5% Employer contribution: 21% |
Employee contribution: 0% | Employer contribution: 18% | Employee contribution: 8% Employer compensation: 3%** |
| Signify: Executives en Senior Directors (joining the flex pension ES before 1 January 2025) | Employee contribution: 2% Employer contribution: 24% |
Employee contribution: 0% | N/A* | Employee contribution: 26% Employer compensation: 24%*** |
| Signify: Executives en Senior Directors (joining the flex pension ES after 1 January 2025) | Employee contribution: 5% Employer contribution: 21% |
Employee contribution: 0% | N/A* | Employee contribution: 26% Employer compensation: 21%*** |
| Versuni: all employees | Employee contribution: 2% Employer contribution: 24% |
Employee contribution: 0% | Employer contribution: 18% | Employee contribution: 8% Employer compensation: 6%** |
* For Executives and Senior Directors at Philips and Signify, the entire contribution above the salary threshold is flexible.
** By default, an 8% flexible contribution is deducted from your salary. Your employer compensates part of this amount. As a result of this compensation, your own contribution above the salary threshold is ultimately the same as your own contribution below the salary threshold.
*** A 26% flexible contribution is deducted from your salary. Your employer compensates part of this amount. As a result of this compensation, your own contribution above the salary threshold is ultimately the same as your own contribution below the salary threshold.
Your employer pays the total contribution to Philips Pensioenfonds every month. Your employer deducts your share of the contribution from your gross salary each month.
Increasing your flexible contribution = lower income now, higher pension later
In addition to the option of reducing your contribution, you can choose to contribute up to an additional 4% of your pension base. This means you accrue more pension for later, but have a lower income now.
Reducing your flexible contribution = higher income now, lower pension later
Is your pensionable salary, based on full-time employment, higher than €90,125 (2026 level)? If so, a default flexible contribution applies above this threshold. The table above shows which percentage applies to you if you do not make any choices.
You can choose to reduce this flexible contribution to 0%. Your employer will then pay you (part of) the default flexible contribution as gross salary. This means you have a higher income now, but a lower pension later.
Calculate the impact of your flexible contribution choices
In MijnPPF, you will be able to calculate the impact of different choices for your flexible contribution. You will immediately see how much flexible contribution applies to you and what your choices mean for your expected pension. The amounts shown are estimates. Your final pension depends, among other things, on the investment returns achieved.
From February 2027, you can calculate your choices in MijnPPF. Your choices can be processed from March 2027.
Frequently asked questions about pension contribution options
Questions and answers
Employers and trade unions have agreed on a total contribution for your pension accrual. By default, this contribution is 26% of the pension base. We add this contribution to your personal pension capital in monthly instalments.
The level of this contribution is comparable to the part of the premium that is used for pension accrual in the current pension plan. In addition to this 26%, the employer pays additional premiums to insure the partner’s and orphan’s pension and cover the risks of disability, as well as a contribution towards administration costs. These additional premiums are also part of the total pension premium in the current pension plan (29.4% in the Flex collective labour agreement plan and 30.3% in the Flex ES plan). These additional costs are currently included in the fixed percentage. In the NexT Pension, they are paid separately, on top of the 26% contribution.
The amount your employer contributes to your pension is determined in your employer’s collective labor agreement. This is already the case and will remain the case in the new pension scheme. In the future, a lower or higher contribution may be agreed upon.
The starting point in the agreements on the new pension scheme is that the total contribution remains unchanged. However, different agreements have been made for each employer about the contribution you pay as an employee. You can read here which contribution applies to you.
Yes, you can. In the new pension scheme, you can choose to pay up to 4% of the pension base in additional pension contributions for additional pension accrual.
Is your salary above the salary threshold for flexible contributions? If so, you can also choose to contribute less to your pension. This means a higher income now, but a lower pension later.
You and your employer make fixed contributions to your pension every month. You cannot make any choices about this part of the contribution.
In addition to the fixed contribution, there is a flexible contribution. You can make choices about this part of the contribution. Up to the salary threshold, you can voluntarily make additional contributions on top of the fixed contribution. Above the salary threshold, a default flexible contribution applies. You can increase or decrease this part of the contribution.
Related information
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Investing pension capital
We invest your personal pension capital for you, together with the pension capital of other members.
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Compensation
For some participants, the new scheme may result in a disadvantage in future pension accrual. They will receive compensation for this.
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