Annual Report
Read how developments during 2024 impacted us
Every year, Philips Pensioenfonds publishes its annual report on the previous year, to inform you about the pension fund’s financial position and important developments that occurred during that year. Recurring sections in every annual report include key data, the report of the Board of Trustees, the financial statements and the opinion of the Accountability Body.
Annual report 2024
| Attachment | Size |
|---|---|
|
2 June 2025
Would you like to know more about the developments that will affect Philips Pensioenfonds in 2024? Read it in the annual report. The report is in Dutch. In chapter 8 you can read the English summary. |
2.66 MB |
Annual report 2024
In the year 2023, the current coverage ratio decreased from 124.8% to 122.87%. This was because our pension liabilities increased more than the value of the total investment portfolio. The pension obligations increased due to a falling interest rate but also due to the indexation granted in April 2024.
In the annual report you will find a complete overview of what developments have meant for Philips Pension Fund in the year 2024 and we briefly look ahead to 2025. Read more in the 2024 annual report. The report is in Dutch. In chapter 8 you can read the English summary.
Looking back on 2024 in Magazine Generaties
“Key step forward in preparing for the new pension plan"
Board members Roel Wijmenga and Rainier Mols of Philips Pensioenfonds’s Board of Trustees look back on 2024: a year when we took a key step forward in preparing for the new pension plan. They discuss the principal issues that the Board addressed: preparing the resolutions about the new pension plan, the investment policy during the transition period, the indexation decision and how our members are being prepared little by little for their new pensions. “It was an interesting year, with plenty of challenging questions for the Board."