Philips Pensioenfonds

Check your pension during the Pensioen3daagse

In this issue

Taking care of each other | Come visit us during the Pensioen3daagse
More security for your partner

While it is probably a subject that you would rather not think about, do you ever consider what will happen if you die? Do you know what the financial situation will be for your partner and children? The Pensioen3daagse, an annual 3-day event that is all about pensions and that starts today, will draw the nation’s attention to this issue. Unfortunately, almost everyone has all heard some tale or another where the arrangements were not as complete as expected. Our flex pension plan includes arrangements for your partner. However, this requires action on your part too!

Read on to find out more

Come visit us during the Pensioen3daagse

Do you know what arrangements our flex pension plan offers for your partner? Is your partner registered in our system? What is Anw shortfall insurance, and how can you take it out? Find out the answers to these questions and more during this year’s Pensioen3daagse. We will be visiting a location near you!

Today, Tuesday 5 November:
from 12 o’clock midday to 2 p.m.
The Strip, High Tech Campus in Eindhoven
Tomorrow, Wednesday 6 November:
from 12 o’clock midday to 2 p.m.
The Greenhouse Philips in Best
The day after, Thursday 7 November:
from 12 o’clock midday to 2 p.m.
The Philips Center in Amsterdam

We look forward to seeing you there!

More security for your partner

Although the term ‘Anw shortfall’ might be unfamiliar to you, it is a subject that we believe you should consider carefully at least once in your life. Your partner will have an ‘Anw shortfall’ if you die and your partner is not awarded full benefits under the Dutch Surviving Dependants Benefits Act (Algemene nabestaandenwet, or Anw) – for example if he or she does not satisfy the legal requirements. Such as if his or her income is too high. You can compensate for that shortfall by taking out Anw shortfall insurance. This option is available at the start of your employment, when you start a new relationship (cohabitation, marriage or registered partnership) or when you have a child.

Did you know...

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it is important that you register your partner with us?

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if you do not, he or she might not be entitled to a survivor’s pension?

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you need to register your partner if you are not married or if you live abroad?

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you do not need to if you are married or if your partnership is officially registered?

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the Pension Planner shows how much pension your partner will receive in the event of your death?

Go to MijnPPF

New online tool for surviving relatives

It is important to know whether you have made proper arrangements for if you or your partner dies. Nibud, the Dutch National Institute for Family Finance Information, has developed an easy-to-use tool that shows you what you need to bear in mind. It takes you through a series of steps to establish what situation applies to you or your partner, and then shows straight away what you and your partner potentially have in the way of entitlements, both from the government and from your pension fund. That way, you know whether you should take action now.

Go to the online tool (in Dutch)

Policy funding ratio: 114.6% Quarterly Q3 figures of 2019

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The policy funding ratio at 30 September 2019 was 114.6%

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The return from 1 July to 30 September 2019 was 5.7%

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The pension fund assets at 30 September 2019 were € 21,384 million

Enlarge chart

Latest developments

During Q3, the actual funding ratio dropped from 113.0% at the end of June 2019 to 110.9% at the end of September 2019. This drop in the actual funding ratio was caused by falling interest rates. The trade war between China and the United States dominated the financial markets during Q3, while central banks also announced plans to relax their monetary policies. These factors combined to depress interest rates significantly.

Read on

Thanks to the Pensioen3daagse, I now have a better understanding of the pensions for my partner and my children.

You probably prefer not to think about it, but imagine that you will die ... do you know how to leave your partner and children financially behind? This theme will receive national attention during the Pensioen3daagse. A number of things are also arranged for your partner within our flex pension. But you have to do something for it yourself!

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This newsletter is intended for members of Philips Pensioenfonds who are not yet retired. If you receive a pension from us, click here to read the digital newsletter for pensioners. You can go to MijnPPF and change your settings to receive the digital newsletter Gener@ties to automatically receive the newsletter for pensioners in future.

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