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.

View your choices in my-Shell pension

You you can try out the different options there. You can see the consequences for your pension immediately on the screen.

variable or fixed pension
at what age will you retire
part-time retirement
variable decreasing or variable increasing benefits
pension for your partner

Go straight to my-Shell pension

You can choose a fixed or variable pension

In the year you turn 58, you will be asked to make a preliminary choice between a variable or fixed pension. Or you already did.

A variable pension can change annually because we will continue to invest.If investments do well, then you will benefit from this. If investments do not so well, your pension could change too. We spread the results over five years. This is how we avoid major changes to your pension. It is called Collective Variable Pension (CVP).
Will you opt for a fixed pension? Then you will buy a benefit with your capital from an external insurer.

You make your choice final on your retirement date. This can be done at age 68, the standard retirement date, at the latest. If you don't choose a profile, You will automatically receive the variable pension. This applies to your provisional and your final choice.

At what age will you retire?

You can choose to retire earlier or later than age 68.

You may retire 10 years before the state retirement date currently in force at the earliest. And five years after the expected state retirement date at the latest. By expected state retirement date, we mean the date you will receive state retirement pension. You can find the expected date at SVB.nl(opens in new window). And it also shows the date currently applicable. You will not accrue any additional pension after age 68.

Are you going to retire before your state retirement date? Then you have an option to get an additonal benefit until AOW with the AOW bridging pension. Contact us via the contact page if you want to know more. Or if you want to get a calculation. You cannot view or submit this choice in my-Shell pension.

Early retirement means that your monthly pension benefit will be lower. Because the money has to be paid out over a longer period. Ask a financial adviser what this means in your situation. Of course, you also have to discuss your retirement date with your manager.

Do you want to retire part-time?

In that case, you will continue to work for the other part. You will still accrue a pension on this part. You then opt for a part-time retirement. Discuss with your manager and HR whether this is possible in your situation.

Choices for your benefit and pension for your partner

When you retire, in addition to choosing between a fixed or variable pension, you can also opt for a fixed annual increase or decrease in your payment. You can also decide whether to use (part of) your pension capital for a benefit for your partner.

Do you opt for a variable benefit from the Collective Variable Pension (CVP)? In addition you can then opt for a fixed annual increase or decrease. If you opt for a fixed increasing benefit, you will start with a lower benefit that will increase by 1% each year. If you opt for a fixed decreasing benefit, you will start with a higher benefit that will decrease by 1% each year. We establish your pension benefits annually on 1 July. We then include the result of the previous year's investments plus any 1% increase or decrease.

You can use part of your capital to secure benefits for your partner. Your partner will then receive a benefit if you pass away after your retirement. Always decide together with your partner whether to continue the partner's pension or not. This is called buying or waiving a partner's pension.

When do you inform us about your choices?

Are you retiring before or after the standard retirement age?

Please submit your retirement date and percentage no later than 6 months before your retirement. You can submit these two choices starting 12 months before your retirement. You can do so using this form early or late (part-time) retirement (pdf)(opens in new window) to inform us.

We'll respond to let you know we've received your form:

Are you retiring before the standard retirement age that applies to you? You'll receive a letter with a separate form to submit all your choices.
Are you retiring after the standard retirement age? You'll receive a confirmation email or letter. Six months before your new retirement date, you'll receive a letter with a separate form to submit your choices.

Please return the form to us with your signature. If you have a partner, they must also sign for your options. You can change your options up to 2 months before your retirement date.

Are you retiring at the standard retirement age?

Then you don't need to send us anything. You'll automatically receive a letter with a separate form to submit your options.

Discuss your retirement date and percentage with HR

This way, your employer can prepare for your retirement.

If you have any questions about your pension,

Then get in touch via our contact page. We are here to help.

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.

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.

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