Annual Report
Read how developments during 2021 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.
2021 Annual Report
Would you like to know more how developments during 2021 impacted us? In chapter 8 of the Report you find an English Summary.
Annual report 2021
After a turbulent 2020, the Fund's financial position continued to improve in the year under review. We were able to close the year 2021 in good financial health. The policy funding ratio increased from 109.8% at the end of 2020 to 125.8% at the end of 2021. The current funding ratio at the end of 2021 was even higher at 132.3%. This enabled us to bring good news to our participants earlier this year about the indexation of pensions.
In the annual report you will find a complete overview of what developments have meant for Philips Pensioenfonds in the year 2021 and we briefly look ahead to 2022. Read more in the annual report 2021.