For retired members and non-contributory policyholders, 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 sensible. 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 ratioPension increases in recent years
Over the past ten years, Philips Pensioenfonds has raised the pensions of retired members and non-contributory policyholders 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** |
||
| 2024 |
2.4% |
2.4% |
3.2% |
| 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% |
*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
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