Financial crisis plan

Checked on: 28 April 2022

Financial crisis plan

Every pension fund in the Netherlands is required to have a financial crisis plan in place. Philips Pensioenfonds’s financial crisis plan describes what action the Board of Trustees will take if the pension fund finds itself in a crisis situation, or if a crisis situation is imminent.

Financial position of the Fund in the 'healthy funding ratio' zone

The policy funding ratio of Philips Pensioenfonds as at 31 March 2022 was 128.1%. With a policy funding ratio higher than 123%, the Fund speaks of a healthy funding ratio. There is then sufficient capital available to grant full indexation, unless the legal limit for full indexation is higher than 123%. This legal limit varies over time, in particular because interest rate developments also affect it. As of March 31, 2022, this limit was 123.9%.

Summary financial crisis plan

In the summary of the financial crisis plan you can read more information.

Summary financial crisis plan (in Dutch)

Related information

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Indexation policy

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?

Go to indexation policy

Investment 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.

Go to investment policy