If you are employed by Shell abroad, you can remain a Pension Fund participant in most cases. Contributions are charged on your Dutch pension contribution basis.

AOW benefit

However, a period of employment abroad does have implications for your AOW benefit, because in many cases you cannot remain insured for AOW purposes. For every year you spend abroad, you accrue 2% less AOW. You can cover this shortfall yourself by means of supplementary insurance via the Social Insurance Bank (Sociale Verzekeringsbank) or, if that is not possible, an insurance company. Alternatively, you can make your own saving arrangements.

Shell has a pension saving arrangement with an insurance company. The arrangement includes a specific facility for making additional savings in respect of a shortfall in benefits under the General Old Age Pensions Act (Algemene Ouderdomswet, AOW). Further information can be found on the Shell intranet, on de site 'HR Online'.

If you are entitled to compensation for uninsured years the entitlement will remain. It will be paid out with your pension.

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