You and your employer pay a pension premium (contribution) every month. In fact, the premium is the price of your pension. Your employer contributes a fixed percentage of the pension base from which the pension plans are paid. The pension base is the part of your salary up to a maximum of €137,800 that counts towards pension accrual. The total fixed percentages contributed are:
- For the flex pension (under the collective labour agreement): 29.4%
- For the flex ES pension (for Executives and Senior Directors): 30.3%
| % of pensionable salary | |
| Philips: all employees |
8% |
| Signify: collective labour agreement employees |
5% |
| Signify: Executives en Senior Directors |
2% |
| Versuni: all employees |
2% |
Every month, your employer pays the pension premiums to Philips Pensioenfonds. Your employer withholds your contribution to the pension premiums from your gross monthly wages. The precise amount is shown on your salary statement. The premiums that your employer pays do not appear on your salary statement.