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%
This premium is fixed until 2026. This premium includes your co-payment.
| % of pensionable salary | |
| Philips: all employees |
8% |
| Signify: collective labor agreement employees |
5% |
| Signify: Executives en Senior Directors (joining the flex pension ES before 1 January 2025) |
2% |
| Signify: Executives en Senior Directors (joining the flex pension ES after 1 January 2025) |
5% |
| 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.
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