Indexation for inactive members

Checked on 24 March 2021

Philips Pensioenfonds seeks to have its pensions grow to reflect price increases. Adjusting your pension by the amount that prices rose during the previous year is called indexation. Whether indexation is possible, and if so by how much, depends on the financial health of Philips Pensioenfonds, expressed in its ‘policy funding ratio’. The policy funding ratio needs to be more than 110% for your pension to be increased to any degree, in accordance with our ‘indexation table’. The policy funding ratio is calculated by taking the average of the current funding ratios for the past twelve months.

All retired members and members with a paid-up policy were informed by letter about the indexation decision 2020. Via the link below you can download the letters of 24 March 2020.

 

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 accrued pension rights 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**

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%

2013

0%

1.6%

3.0%

2012

0%

2.16%

2.5%

2011

0%

1.9%

2.0%

2010

0.68%

0.68%

0.82%

*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.

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 on the financial health of Philips Pensioenfonds. What is the pension fund’s current situation?

Go to financial position