All employees who are participants in the Pension Fund are required to pay contributions. Each month, the employer withholds these contributions from the employees’ salaries and transfers them to the Pension Fund.
The participant's contribution is a percentage of the Pension Contribution Basis. This is equal to 12 months’ salary plus the lump-sum payments in April and/or December plus any Pensionable Supplements.
|
 |
The employer determines which supplements are eligible for pension accrual. For part-time employees, the contribution amount to be paid is multiplied with their respective part-time percentage. The employers' contribution is determined on the basis of the Administration Agreement between the Pension Fund and Shell Petroleum N.V. |
