Paid-up continuation of pension accrual in the event of disability
If you become (partially) incapacitated for work and are therefore (partially) unable to work, your pension accrual continues. After the second year of illness, you no longer owe any premium for this. You do not have to do anything yourself for this. The UWV informs us if you are declared (partially) unfit for work and your employer informs us if you leave (partially) due to disability. The non-contributory pension accrual depends on the degree of your disability as determined by the UWV. If you are partially disabled, the accrual of your pension is also partially continued. You will not owe any premium for that part from the second year of illness.
For as long as you are disabled you continue to accrue pension benefits until you reach the age of 68, unless you reach the AOW retirement age before that time, in which case pension accrual stops then. Paid-up continuation of pension accrual applies not only to your retirement pension but also to the survivor’s pension. Furthermore you remain insured for the orphan’s pension.
Important!
As of 1 January 2025, the regulations surrounding disability have been adjusted for participants who became ill on or after 1 January 2023. Did you become ill before 1 January 2023 and subsequently become disabled? Then the conditions that applied before 1 January 2025 will apply. The non-contributory continuation of pension accrual then starts after you leave employment due to disability, but no earlier than three years after the first day of illness.
In the event of disability you continue under the Philips flex pension to accrue pension benefits on your income up to € 137,800 without having to pay a contribution any more. If you earn more than € 137,800, your employer has taken out insurance for you with Centraal Beheer PPI. To find out more about this insurance, please contact Centraal Beheer PPI via centraalbeheerppi@achmea.nl or via phone number 020 - 591 4242.
In addition, you are entitled to a disability pension. This supplements the statutory WIA benefit. You are automatically insured for this disability pension. The level of the disability pension depends on the degree of disability and the level of your salary before you became unfit for work. The benefits agency UWV determines what your disability percentage is.
To be eligible for the full disability pension, you have to be at least 80% disabled (based on the norms of the WIA – Work and Income (Capacity for Labor) Act). Different percentages apply to partial disability. More information and examples of calculations can be found on our website.
You receive the disability pension in most cases from the second year after the first day of illness, after your employment is terminated due to disability.
Important!
If the disability percentage changes, you must notify Philips Pensioenfonds as quickly as possible.
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If you want to know more about our current pension schemes, you can find them on our download page.
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