Pension with SNPS
You started employment at Shell on or after 1 July 2013? Then SNPS (Shell Nederland Pensioenfonds Stichting) arranges your pension. Would you like immediate insight into your pension? Then log in to my-Shell Pension, your personal portal. Or read more about your pension in Pension 1-2-3.
Your pension at SNPS
Your pension scheme is a defined contribution scheme. You and your employer pay a monthly and age-related contribution with which you accrue pension capital. You use this to buy a pension when you retire.
If you die during employment, arrangements are made for your partner and/or children. If you become disabled due to an illness or injury, you may be eligible for disability pension. All agreements about your pension are stated in Regulations I.
If you earn more on a full-time basis than the statutory fiscal maximum for your pension scheme (2021: € 99,286.-), then for your salary above this, you can participate in the Shell Net Pension Scheme.
We invest for your pension
Your contributions are invested in accordance with the Life-cycle profile of your choice: neutral, offensive or defensive. In this, you decide how much risk you want to take with your investments. As you grow older, the investments in shares are reduced in each risk profile to lower the risk of large fluctuations. You arrange this through my-Shell pension. You can adjust your risk profile at any moment. The next time that we invest for you we will use your new risk profile. Four times per year we adjust your entire capital to the most recently selected risk profile.
Making a preliminary choice for a fixed or a variable pension
In the year that you become 58 years, you make a preliminary choice for a fixed or a variable pension benefit. If your employment starts when you already are 58 years or older, you make the choice in the year in which you start your employment. If your employment starts after 30 September, you make the choice in the following year. If you opt for a variable pension, you can participate in the Collective Variable Pension (CVP).