Regulations V and tables

Here you can find Regulations V valid from 1 January 2014. You can also find the tables which are valid from 1 January 2014. With these tables you can calculate the effect for your pension, should you opt for one or more pension choices.

Regulations V

Tables Regulations V

Early commencement of your deferred pension

You can make a once-only choice to have your deferred pension commence at a date earlier than the retirement age of 65 that applies to you under the Pension Regulations. You may have a deferred pension commence early from the age of 55 at the earliest and after you have left Company service for at least 6 months.

Early commencement of part of your deferred pension

You can also choose to have a portion of your deferred pension commence at a date earlier than the retirement age of 65 that applies to you under the Pension Regulations. This may be from the age of 55 at the earliest and after you have left Company service for at least 6 months.

Postpone the commencement date of your deferred pension

In certain cases you may also postpone the commencement date of your non-contributory pension. For example, when you commence retirement on your 67th birthday according to Regulations VI, and you are still working at that time.

For more information about this, please contact the Pension Fund.

Exchange between partner’s pension or retirement pension

If you left Shell employment after 1st July 1996, you can choose for a different ratio between the retirement pension and the partner’s pension. This is termed ‘exchange’ or ‘conversion’.This will not affect the level of your overall pension entitlement.

You can make a once-only choice to exchange between partner’s pension or retirement pension. You must notify the Pension Fund of your choice no later than 2 months before your deferred pension is scheduled to commence. To that end, the form titled 'Final pension choices' is available.

More detailed information about pension exchange can be found in ‘You work and accrue pension’.

Variable pension: high/low or low/high

If you left Shell employment after 1st July 1996, you can choose for ‘variable pension’: also called high/low construction. If you opt for exchange, this will not affect the level of your overall pension entitlement. Variable pension enables you to choose a different distribution of your pension benefit over time.

High/low

If you opt for high/low, you receive a higher retirement pension during the first few years of your retirement. You then receive a lower retirement pension after that time.

The opposite is also possible: first temporarily a lower and subsequently a higher retirement pension (low/high). The partner’s pension also varies in relation to the amount of the retirement pension.

You can make a once-only choice for variable pension. You must notify the Pension Fund of your choice no later than 2 months before your deferred pension is scheduled to commence. To that end, the form titled 'Final pension choices' is available.

More detailed information about variable pension can be found in ‘You work and accrue pension’.

More in You accrue pension

Pension for your partner and children

If you as a pension scheme participant would die, your partner will receive a partner’s pension and any dependant children will receive an orphan’s pension.

Pensioen 1-2-3

You can download Pensioen 1-2-3 by clicking on the image. After that, you can print out the PDF easily.