Collective Variable Pension (CVP)

Are you participating in the SNPS pension scheme and/or the Shell Net Pension Scheme? If so, from the age of 58 you can make a preliminary choice for receiving a fixed or variable pension in the future. If you opt for a variable pension, you will start participating in the Collective Variable Pension (CVP). Are you already a member of the CVP? View your CVP entitlements on your personal portal.

You make a preliminary choice in the year that you become 58
In the year that you turn 58, we will invite you to participate in the CVP. Participation is not compulsory. Prefer to choose the CVP? Then we gradually convert your pension capital into pension entitlements in the CVP. Your pension capital will be invested within the CVP according to a fixed, collective investment mix. Members also share the risks of death and longevity with each other. Do you prefer receiving a fixed pension and don't want to participate in the CVP? Then you continue accruing and investing pension capital according to your previously chosen risk profile.

For more details view the video:

video Conversion of capital

You make a final choice on your retirement age
On your retirement date or at the latest on your 68th birthday, you make the final decision as to whether you will participate in the CVP. Prefer to choose the CVP? Then, from your retirement date you will receive a variable pension from SNPS. The results of your investments will be processed annually in your pension. The results are spread over 5 years to prevent large swings. Your pension will thus vary per year. Do you prefer receiving a fixed pension and don't want to participate in the CVP? Then, with your own pension capital, you purchase a pension from an external pension administrator.

 
The results in 2018  
SNPS gross pension scheme -2,3%
SNPS net pension scheme -2,5%

The results in 2017  
SNPS gross pension scheme +1,6%
SNPS net pension scheme +1,3%

In the video Spread of CVP results this is explained in further detail.

video spread of CVP results

On my-Shell pension you can find the most recent status of your pension data
It is important that you know what to expect, especially if the level of your pension can fluctuate. Each year you receive from us the mandatory overview with your accrued capital and entitlements up to and including 1 January of that year, known as the Uniform Pension Overview. Check my-Shell pension for the most recent status of your pension data.

More details
Read the brochure about CVP or view the frequently asked questions about CVP.
The presentation of the webinar is available in Dutch.