The Shell Pension Fund

The following contains a series of questions and corresponding answers relating to the Shell Pension Fund. If you have any other questions, or if you cannot find what you are looking for, please contact us. We will be pleased to help.You may want to ask questions or make comments in respect of the website. In that case, please use the response form to contact us.

Who makes the decisions at the Pension Fund?

Do pension beneficiaries have a voice in the Pension Fund?

Does the Pension Fund publish data on its financial situation?

How do the participants receive information they need?

How do pension beneficiaries receive information they need?

How do former participants receive information they need?

Who can I contact if I have individual questions about my pension scheme?

Who can I contact if I have questions about benefits under the General Old Age Pensions Act?

The Shell Pension Fund Foundation (Stichting Shell Pensioenfonds) is an independent foundation. The Board, comprising four employer and four employee representatives, is the Foundation’s most senior body and bears ultimate responsibility for all decisions.

Shell Pensioenbureau Nederland B.V. (SPN) is responsible for administering the pension scheme and has been appointed Director of the Pension Fund. Shell Asset Management Company B.V. (SAMCo) is responsible for asset management.

Yes, pension beneficiaries have been represented in the Members’ Council since 1990, to which they may be appointed following their nomination by VOEKS (Vereniging van Oud-Employé’s der Koninklijke/Shell). The Members’ Council comprises participants and pension beneficiaries in proportion to their respective number and has comprised eight pension beneficiaries and four participants since 1st March 2003.

Yes, an annual report is published each year, in Dutch. A summary of the activities in the past year and the key figures are alo published in English. You can download a digital version from this website under the section: 'Annual Reports / Year in brief'.

Each year, they receive a personal pension summary with the pension entitlements relating to their own situation. Participants having access to SWW, the Shell intranet, can carry out pension calculations with the Pension Calculator.

Each year, pension beneficiaries receive information about their pension rights in writing. In addition, all retirees receive ‘Voeksnieuws’, the magazine for Shell retirees. The Pension Fund uses ‘Voeksnieuws’ to publish general announcements to pension beneficiaries.

Former participants receive information about their pension entitlements in writing every year. Former participants who have moved abroad without informing the Pension Fund of their change of address do not receive any information.

Clicking on this website’s Contact link reveals the various ways in which you can contact us with your questions or comments.

You can contact the Social Insurance Bank (SVB, Sociale Verzekeringsbank) for more information about this. You can find the link to the website of the SVB on this site under 'Useful links'.