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Signify: Future Pensions Act (Wtp)

April 12, 2024

In past period to have we the members several times informed about the ongoing conversations with Philips, the Philips Pension Fund and the trade unions about the upcoming changes in the pension system.

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As consequence of the law future pensions (Wtp) will appearance 1 2028 of new pension plan at businesses implemented are. Signify is plugged in at Philips Pension fund and we work together with Philips at the implementation of the new one Grant† We to strive to it on 1 July 2026 to to go to a new pension plan based on the new pension legislation.

The program new pension system: why and what stands for this up outline?

In the law future pensions' are de appointments recorded that employers, employees and the kabinet in 2020 with each other to have made in the Pension Agreement. This law Kent op outline three goals:

  • a more personal en clearer pension accrual.
  • a Additionally retirement that faster and moves along with the economy.
  • a pension system that better connect at the labor market waarin employees always More en more often change employers.

Collaboration with social partners: offer Philips and trade unions

Your retirement is a important employment condition; therefore to make we with trade unions choices to design the new one pension plan te com. Philips as biggest employer in our pension fund is leading in the conversations about the type pension contract (Solidarity of Flexibility) and the Philips Pension fund (of pension administrator) supports in here en tests de feasibility of the choices Dealer made based on balance, explainability en in how much this fit are for de future.

In joint consultation are Philips and the trade unions to one partial agreement come, whereby chosen is for de solidary pension plan immediately flexible component (partly freedom of choice employee over effort pension contribution near a determined money amount). Signify follows, as earlier indicated, Philips in the keuze for de solidary pension plan.

The possibilities for a flexible component and the completion of them at Signify is in consultation with the trade unions examined. Also shall er appointments Dealer made about the disability pension and the survivor's pension. The new pension rules write for that there is one transition plan drafted must Dealer waarin choices en considerations about the intent of the new pension scheme and the transition of the pension assets of the current pension scheme to de new pension plan proclaim Dealer. Signify and the trade unions, joint with Philips and the Philips pension fund stay therefore intensive consultation feed about the further completion of the new pension scheme and the corresponding transition† We aim the concept) transition plan ready te to have for 1 september 2024.

De trade unions lay to transition plan as end result and if integral package for an her January. Signify occurs in consultation with the Central Works Council about the changes that apply for de Employees that did not onder the collective labor agreement fall.

We stay our members on the height to hold of developments and next stepsLet therefore This message should also be read by your colleagues at Signify! You fellow worker can be a member Dealer by your registration form in te to fill.

Contact

Should you still questions of remarks to have, please contact the advocate Suat Koetloe via suat.koetloe@unie.nl or call 06-5252 2061.

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