| What do you think? |
Throughout 2020, we were in regular dialogue with you. This will continue during the year ahead: for example, we expect to conduct a risk appetite survey at some point. We will share more information later this year. We would also like to hear your thoughts on ‘smaller’ topics, however. What do you think of the new version of MijnPPF, for example, or how readable is this newsletter? We would love to hear from you when we ask directly, of course, but spontaneous feedback is also always welcome.
Jasper Kemme
Managing Director |
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Wanted: an active member with a sense of engagement
If you are an employee, and would like to become more involved in Philips Pensioenfonds, then perhaps you would like to join the Accountability Body! The Accountability Body, which is made up of four members representing the pension beneficiaries, one member representing the employers and one member representing the employees, reviews the pension fund’s policies every year and is invited to advise on specific topics. If this sounds interesting to you, find out more about what the Accountability Body does and what the preferred member profile is. If you match the profile, you can sign up for the elections to choose a new employee representative on the Accountability Body.
Find out more about the Accountability Body elections |
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| Your pension information just as you want it |
| MijnPPF contains all your personal pension information. On 1 January, this personal environment was given a complete overhaul, and is now also available in two languages, making it even easier to access and arrange your pension matters yourself online. While we prefer to use digital methods to keep you informed, you can of course also receive your pension information by post if you wish. You can also choose whether you want us to communicate with you in Dutch or in English. Visit MijnPPF today and check whether the settings for sending your pension information match your preferences. You can select your preferred method of communication on the Profile page. |
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| I am pleased that my information will now be sent in digital format |
| Starting 1 January 2021, a great deal of your information will be available in digital format. You can find your pension overviews, letters and detailed pension statements quickly and easily in MijnPPF. This offers some important advantages: for example, you no longer need to file your papers away yourself, your personal data are safe and communicating in digital format is a sustainable solution. |
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| Results for Q4 of 2020: policy funding ratio is 109.8% |
- The policy funding ratio at 31 December 2020 was 109.8%
- The actual funcing ratio at 31 December 2020 was 117.2%
- The returns from 1 October to 31 December 2020 were 5.4%
- The pension fund’s assets at 31 December 2020 were € 22,921 million
Latest developments
The funding ratio fell down sharply in 2020, as a result of the corona pandemic. However, the actual funding ratio surged back during Q4, and by the end of the year it was at the same level as it was right before the current crisis began. However, whether or not we can index your pension is determined by the policy funding ratio, which at year-end 2020 was 109.8%: lower than at the end of 2019. This means that we cannot increase your pension at 1 April 2021. We will send you a personal update about this in March. |
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| Checking your pension is easier than ever before |
Checking your pension just as easily as you check your bank account: that is what the Pension Checker is all about! This simple app provides answers to the most important questions about your pension, for example: How much pension will I have? When can I start drawing my pension? Can I bring my retirement forward? Can I increase my pension instalments?
Philips Pensioenfonds is excited to support the national Pension Checker initiative. Use your DigiD to log in and see the answers. For extra security your data will be deleted as soon as you leave the app. The Pension Checker app is in Dutch. |
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| This newsletter is intended for members of Philips Pensioenfonds who are not yet retired. On our website you can also find the Dutch version and the newsletter for members who already receive pension |
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| What do you think of this newsletter? |
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