Your pension choices at SSPF
Your pension will start at the retirement age found on my-Shell pension and your Uniform Pension Overview (UPO). You can also retire earlier, later or even opt for part-time retirement. The choices you make depend in part on your personal situation. Watch the video to learn about the possibilities.
Or read more about the choices you have:
- additional pension until AOW
- exchanging partner’s pension
- higher or lower pension benefit
- draw a one-time payment (from 1 January 2025 at the earliest)
Calculate the effect of your pension choices with my-Flexplanner
You will find my-Flexplanner in my-Shell pension.
What do you have to arrange for your pension?
What you need to arrange (yourself) depends on when you retire.
Important: If you would like to receive a (surviving dependants’) pension or an AOW state pension, you will need a citizen’s identification number (bsn).
You don’t have to arrange anything in advance. You will receive more information from us 6 months before your retirement date at the latest. This will let you know how to apply for your pension and what else you need to arrange. It is possible to have a different retirement age. In that case, you will also automatically receive information from us at the appropriate retirement age. Your retirement age can be viewed at my-Shell pension.
This is possible from age 55. Please bear in mind that your pension will have to be paid over a longer period. This means you will accrue less pension. Your monthly pension benefit will therefore be lower. Please note: receiving your pension early may have tax implications. It is recommended to seek advice in this respect from a tax expert.
In the case of part-time retirement, you will continue to work reduced hours. You will continue to accrue a pension on the time you work. The reduced time is considered retirement. This should be arranged in consultation with your employer.
How to arrange your pension1. Indicate your choices in my-Shell pension at my-Pension Application.
- • If you are still working for Shell, your application must be submitted 6 months before the retirement date. Inform your supervisor in good time so they can start the off-boarding process.
- • If you are not working or no longer work for Shell, your application must be submitted 2 months before the retirement date. This 2 month period only applies if you have been out of employment with Shell for at least 6 months. Has it been less than 6 months since you left employment? Then your pension application has to be submitted 6 months before your retirement date.
2. After your application, you may no longer adjust the start date and the retirement percentage.
3. You can still adjust other choices up to 2 months before you retire.
You have to provide pension choices for the Shell Net Pension Scheme to us separately using this form.
You can defer your pension until age 70. Send us a notification if you would like to receive your pension later. Still working for Shell? Discuss this choice together with your employer.
Do you have any questions?
Schedule a personal video consultation, call us or send an email. We are always happy to help you!
Did you accrue AOW compensation in the past?
If you (or your partner) worked abroad for Shell up to and including 2006, you may have accrued AOW compensation. This was a scheme where Shell paid the contributions for the missed accrual of state pension (AOW). The amounts in the UPO take the AOW compensation into account. You will automatically receive this AOW compensation when you retire and reach the applicable statutory retirement age. You do not have to apply for AOW compensation yourself. The AOW compensation is an old scheme and may differ from the current statutory retirement age. Please contact <contact link> us if you want to know if this scheme also applies to you.