Indexation for inactive members

Checked on:

For pension recipients, it has been determined that any increase in pensions in payment will be processed annually at a fixed time (April 1). Philips Pensioenfonds seeks to have its pensions grow to reflect price increases. Irrespective of the question of what increase is possible on the basis of the statutory rules, the Board annually determines the maximum increase that is justified. In doing so, the Board looks at a large number of relevant facts and circumstances, such as the financial situation, the level of inflation, the situation on the financial markets, differences between participant groups, the remaining period until the transition to a new pension system and how much other pension funds increase the pensions.

 

Policy funding ratio

Here you will find the current level of the policy funding ratio of Philips Pensioenfonds.

Chart funding ratio
Pension increases in recent years

Over the past ten years, Philips Pensioenfonds has raised the pensions of pension recipients as follows:

 

Increase at 1 April

Our ambition

Price increase

 

 

Derived consumer price index 
published by Statistics Netherlands 
for the from January- January*

Consumer price index 
published by Statistics 
Netherlands for the period 
from January- January**

2023 4.0% 7.6% 7.6%
2022 7.78%*** 7.4% 6.4%
2021 0% 1.2% 1.6%

2020

0.64%

2%

1.8%

2019

0.75%

1.0%

2.2%

2018

0.22%

0.38% **

1.3%

1.5%

2017

0%

1.6%

1.7%

2016

0%

0.5%

0.6%

2015

0%

-0.1%

0%

2014

0.3%

1.0%

1.4%

*The figures on price increases are based on data published by Statistics Netherlands. The derived consumer price index does not reflect changes in the rates for product-linked taxes (such as VAT and duties on alcohol and tobacco), municipal taxes and subsidies.
**Additional increase at 1 November 2018.
*** Including compensatory indexation of 0.38%

Related information

You might also be interested in the following information.

News overview

Visit our news page to find out the latest news, including information about increases in your pension through indexation.

Go to news overview
Financiele positie

Financial position

Whether your pension can be increased, and if so by how much, depends, among other things, on the financial health of Philips Pensioenfonds. What is the pension fund’s current situation?

Go to financial position