Philips Pensioenfonds and Blue Sky Group have signed a letter of intent for the outsourcing of pension administration from 2021. This is an important step in the process of reaching a final contract. It is expected that negotiations on the final contract can be completed in the short term. The contract with our current pension provider, PGGM, ends at the end of this year.
What does this mean?
The activities for pension administration are outsourced by Philips Pensioenfonds. This means that an external pension administrator takes care of the administration of pensions, as well as the provision of information to participants. The intention is that from 1 January 2021 Blue Sky Group will become that external pension administrator. An important starting point for the transition to this new pension administrator is that our participants notice as little as possible about this. As soon as we have reached a final contract with Blue Sky Group, we will communicate about this via our website.