More about Indexation for active members

Checked on 24 March 2020

For active members, if the accrued pension rights are indexed, the indexation takes effect on the same date every year: 1 April. Our ambition is to ensure that the accrued pension rights retain their purchasing power by increasing every year by the same rate as wage inflation (the collective salary scale adjustments under Philips’s collective labour agreement, including for Signify employees). These increases are paid from the returns/assets of Philips Pensioenfonds, and depend on the financial health of Philips Pensioenfonds, expressed in the ‘policy funding ratio’.

All active members were informed by letter about the indexation decision 2020. Via the link you can download the letter of 24 March 2020.

Letter active member

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*

 

 

Collective scale adjustment at Philips under the collective labour agreement

Consumer price index published by Statistics Netherlands for the period from January- January

2020

0.64%

2.0%

1.8%

2019

2.25%

3.0%

2.2%

2018

0.22%

0.38% **

1.5%

1.5%

2017

0%

2.1%

1.7%

2016

0%

1.6%

0.6%

2015

0%

1.5%

0%

2014

2.05%

4.5%

1.4%

2013

0%

3.0%

3.0%

2012

0%

0.75%

2.5%

2011

0%

0%

2.0%

2010

1.00%

1.0%

0.82%

*The figures on price increases are based on data published by Statistics Netherlands.
**Additional increase at 1 November 2018.


Indexation after termination of your employment or after retirement

If your employment ends or if you retire, Philips Pensioenfonds uses a different method for adjusting your pension. In these situations Philips Pensioenfonds seeks to increase your pension annually to reflect price inflation, based on increases in the derived consumer price index published by Statistics Netherlands (CBS).

Chart funding ratio

Here you will find the current level of the policy funding ratio of Philips Pensioenfonds.

Chart funding ratio

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