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Signify: Transition plan for new pension scheme

02 December 2024

As is known, the pension system in the Netherlands is changing. A number of matters were agreed upon earlier this year between Signify and the unions, such as the choice for the Solidarity Premium Scheme. Subsequently, the Solidarity Premium Scheme had to be further substantively shaped.

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Further elaboration of the scheme

The content of the new regulation has been elaborated in a transition plan together with the unions. The opinion of the Association of Pension Recipients (FPVG) has now been requested on this transition plan. This has led to some adjustments to the plan.

Member consultation

The next step is that the transition plan is presented to the members with Full or Extra membership of the unions. If the members with a Full or Extra membership agree with the transition plan, it will be presented to the board of the pension fund.

Philips Pension Fund Board 

The fund board is asked to implement this scheme as of 1 July 2026. They will accept this assignment if they believe that the plan offers a balanced outcome for all target groups (pension accruers, former employees who still have their pension with the fund and pension recipients).

Information!

In order to properly inform employees about the transition plan and to enable union members to cast a well-considered vote, a visual has been developed with a clear explanation of the choices made and the process. You can download this visual here read as well as here the transition plan.

Closing comments

The joint trade unions believe that the new pension scheme is an important step towards a future-proof pension system. With this scheme, we maintain the core values ​​of solidarity and collectivity, while at the same time responding to the changing needs of the future. We are confident that this scheme will contribute to a stable and secure pension provision for all our members. That is why the trade unions are submitting this result to the vote of members with a Complete or Extra membership with a positive recommendation. We hope for your support and trust for this important transition plan.

To vote

Members with a Complete or Extra membership have received an invitation to vote until Friday, December 13, 12.00:XNUMX noon.

Contact

If you have any questions or comments, please contact the advocate Suat Koetloe by email suat.koetloe@unie.nl or call 06-5252 2061.

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