Organisational structure

Checked on 27 May 2019

Organisational structure  

Philips Pensioenfonds is the administrator of the pension plans for current and former employees of its two associated companies (Koninklijke Philips N.V. And Signify) in the Netherlands. This involves administering pension rights and entitlements. We are also responsible for paying out pensions and investing and managing the pension fund’s assets.

The work of Philips Pensioenfonds can be broken down into policy preparation and implementation, which are both explained on this information platform. You will also find information about the parties with which the pension fund has business relations.

Organisational structure

View the organization chart to see how Philips Pensioenfonds is organized.

organization chart

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Read all information about those involved in your pension

Who decides on your pension?

Board of Trustees

Philips Pensioenfonds has a Board of Trustees and an Executive Board. The Board of Trustees is made up of representatives from the employers, employees and retired members. It also includes three independent experts as executive directors. Presiding over the Board of Directors is an independent chair. The three independent experts make up the pension fund’s Executive Board.

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Personal details

View here how the Board of Trustees is composed.

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Accountability for policy and its implementation

Accountability Body

The Board of Trustees renders account for its policies and how they are implemented to the Accountability Body. The Accountability Body has the authority to render an opinion on those policies and their implementation. The members making up the Accountability Body come from the employers, employees and retired members.

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Opinion Accountability Body

In the annual report the opinion of the Accountability Body is included each year.

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The implementation of the pensions and assets is outsourced

Implementation organisations

The work of actually managing the pensions and assets has been outsourced, to PGGM and BlackRock, respectively. Find out more about these managers.

More about implementation organisations
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