All pension funds in the Netherlands are obliged to draw up a crisis plan. The crisis plan of Philips Pensioenfonds describes what the Board will do if the Fund enters or threatens to enter a crisis situation. Measures that can be taken in a crisis situation include not increasing your pension or even reducing it to a limited extent.
The crisis plan describes the funding ratios at which there will usually be a (partial) increase or decrease in your pension. This has changed as a result of legal and policy developments. The crisis plan still needs to be adjusted accordingly. Until a decision has been made, we will temporarily not publish a summary of the crisis plan on our website. More information about the aforementioned legal and policy developments can be found here.
We try to increase your pension every year. This is called 'indexation'. But indexation cannot be taken for granted. Do you want to know more about our indexation policy?
Philips Pensioenfonds invests its assets to pay for the pensions of current and former employees. Investing the pension money is necessary to be able to offer you a good pension.