Transfer of accrued pension rights

Did you have another employer before you started working for Shell? And did you accrue pension through that employer or other employers? If so, you could ‘transfer’ this pension to us, Shell Nederland Pensioenfonds Stichting (SNPS). We call this a transfer of accrued pension rights. You can do so at any time. But many people think about this carefully when they change jobs. You can ask your new pension fund or insurer to have the value of your pension transferred. We also call it: pension provider.

Is the transfer of accrued pension rights a good idea?

You can compare pension schemes with Pension 1-2-3. You can also ask a financial adviser for advice. Your partner must agree to the transfer of accrued pension rights.

Transfer of accrued pension rights around the changes in the law

Since 1 July 2023, there are new rules for pensions. The transition to the new pension will not be simultaneous for all pension providers. Transfer of accrued pension rights is only possible if both pension providers operate under the same rules.

We (SNPS) will switch to the new rules with effect from 1 January 2026. You can only proceed to transfer accrued pension rights with a pension provider that has also switched to the new rules. Pension providers have time to proceed to transition until 2028.

Pension at Shell

Find out everything about your pension plan at Shell Netherlands Pension Fund (SNPS).

Your pension at SNPS

Are you working at Shell? And did you enter service after 1 July 2013? Then you accrue pension with Shell Nederland Pensioenfonds Stichting (SNPS).

Pensioen 1-2-3 SNPS layer 1 and 2

Layered information about your pension. Pensioen 1-2-3 contains the pension regulations in a more simple language. Layer 1 is a short summary, layer 2 is a more eleborate description and layer 3 contains the official documents.

Downloads SNPS

Pensioen 1-2-3 contains the pension regulations in a more simple language. Layer 1 is a short summary, layer 2 is a more eleborate description and layer 3 contains the official documents. You are now at layer 3. You can also go (back) to layer 1 and 2.

What is a pension?

Your pension is your income for later. Your income after retirement can consist of 3 parts: State retirement pension (AOW) – a benefit from the government. The pension you build up through your employers (Shell and any previous employers). The pension you arrange yourself, for example through an annuity or savings.

Insight in your pension

Always access. Via my‑Shell Pension, you always have access to your pension information.

Collective Variable Pension

What is Collective Variable Pension? You will preliminary choose a fixed or variable pension at age 58. In addition, we also adjust benefits for your partner and children after your death with the results of the CVP. Those results are more than just investments. On this page, you can read all about your choice and how the CVP works.

Your pension overview

Please note: this page is about the standard pension overviews. Are you accruing a pension with SNPS or participating in the Net Pension Plan? Then you will receive different overviews this year around the transition to the new pension scheme. You can read all about it in the news item .

Newsletters

Our newsletters keep you informed of your pension and your pension fund. Find the most recent editions below. Would you like to receive them directly in your mailbox? Then simply submit your private email address through my‑Shell Pension.

New employee

Welcome to Shell! You will accrue pension via Shell Nederland Pensioenfonds Stichting (SNPS). The pension scheme is tailored to the choices that you make. Shell, the employer, and you pay a contribution every month. We invest this contribution for you. By doing this, you accrue your own capital for your pension.

Retiring soon

Your retirement is getting closer. There are a number of choices you can make when your retirement is getting closer. Read more about this on this page.

Your pension benefit

When will you receive your pension? If you live in the Netherlands you will automatically receive a monthly pension benefit once your pension application has been finalised. You do not need to do anything yourself; Are you living abroad? If you live abroad you have to deal with other regulations To receive your pension benefit, you will need to submit a ‘Life Certificate’ once a year.

Pension abroad

Payment to a foreign country. We can also pay your pension into a foreign bank account if you live abroad. It often involves additional fees from the bank. If so, we will share those costs with you and deduct them from your benefits.

AOW bridging pension

Early retirement? If you are going to retire before AOW age (state retirement age), you will not receive state retirement benefits from the government. An option is to increase the AOW bridging pension: benefits until your AOW date.

Overview

Choices for your pension