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.

1. State retirement pension (AOW)

AOW stands for Algemene Ouderdomswet, the Dutch State Pension. The age at which you receive AOW depends on your date of birth, as the AOW age is gradually increasing. If you have not always lived in the Netherlands, your AOW will be lower than for someone who has.

For an estimate of your AOW age and the amount you have accrued, visit SVB.nl(opens in new window). You will also find information there about voluntary AOW contributions if you live or work abroad.

2. The pension you accrue through your employers

If you work at Shell, you accrue pension in 1 or more of our schemes::

Started working for Shell before 1 July 2013? Your pension is managed by  SSPF (Stichting Shell Pensioenfonds). For more details, see the SSPF Pension Scheme(opens in new window).
Started working for Shell on or after 1 July 2013? Your pension is managed by SNPS (Shell Nederland Pensioenfonds Stichting). For more details, see the SNPS Pension Scheme.
In the Shell Net Pension Scheme, you accrue a pension on your salary above the statutory tax limit, which is € 123,886 for both SSPF and SNPS. For more details, see the Shell Net Pension Scheme(opens in new window).

3. The pension you arrange yourself

You can supplement your employer pension and AOW yourself, for example with savings or an insurance product such as an annuity. Whether you need this depends on your personal situation and wishes. A financial adviser can help you make the right choices.

Want to know more about your pension at Shell?

You can read more on this website. Or check the website mijnpensioenoverzicht.nl(opens in new window). There you'll get an overview of your accrued pension at Shell and other employers. In my‑Shell Pension(opens in new window) you can see your pension and the impact of the choices you make. You can also adjust your contact details in my‑Shell Pension.

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.

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.

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.

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