December 2015 Newsletter

Dec 11, 2015

Soon, participants, pension beneficiaries and former participants will receive a newsletter from the Pension Fund. This newsletter will include information about the ALM policy, an interview with new Board Member Frank Lemmink and a message about rescheduling the indexation date of pensions of retirees and former participants.

A quick pension scan? Easy does it!

Nov 5, 2015

On, the website of the national Pension Register, you can find an overview of your total future pension. Together with your SSPF pension, you may also find pension from previous employer(s) plus the AOW (state old age pension) from the government. Any amounts of the Shell net pension scheme have not been included yet.

September 2015 Newsletter

Sep 4, 2015

Soon participants, pension beneficiaries and former participants will receive a newsletter from the Pension Fund. This newsletter contains information about the statutory retirement age that is being raised faster than originally planned, an interview with Board Member Caroline Hes and information about Pension 1-2-3, among other things.

SSPF taking part in the 2015 ‘BOP’ investigation

Sep 1, 2015

This is the fourth year that Stichting Shell Pensioenfonds (Shell Pension Fund Foundation) (SSPF) is taking part in the ‘BOP’ investigation. The Dutch acronym BOP stands for “Benchmark Onderzoeksplatform Pensioenfondsen” (pension fund benchmark investigation). BOP is a pension sector initiative and provides a countrywide comparison of the way in which pension funds communicate. The investigation is conducted on a yearly basis by TNS NIPO and can provide the Pension Fund with an assessment of its communications and services.

SSPF Recovery Plan

Aug 28, 2015

From January 1, 2015 a new Financial Assessment Framework (nFTK) applies. The nFTK is part of the Pensions Act The nFTK stipulates the statutory financial requirements for pension funds.

Indexation with effect from 1st July 2015

Jul 7, 2015

Each year, the Pension Fund (SSPF) endeavours to increase the non-contributory pensions and pensions in payment in line with price developments. To that end we use the increase in the ‘derived consumer price index for all households’, as established by Statistics Netherlands (Centraal Bureau voor de Statistiek). We refer to this as our ambition. Each year, the Board of the Pension Fund decides whether indexation is to be applied to the pensions and if so, what the percentage of that indexation will be.

‘2014 in brief’ now available

May 8, 2015

The digital version of ‘2014 in brief’ is available from this website. This brochure sets out the state of affairs of the Pension Fund and the key figures from last year’s operations.

Shell Pension Fund publishes 2014 Annual Results

May 4, 2015

The Shell Pension Fund (SSPF) has published the 2014 Annual Report. An investment result of 13.4% was achieved in the past year. The funding ratio fell from 131% to 124% and the assets of the Pension Fund rose to EUR 25,256 million as of 31 December 2014. Over and above the regular indexation of 0.4%, catch-up indexation was applied equal to half of the 2.2% indexation that was not granted in 2012.

Decision on accelerated rise in retirement age for State Pension

Apr 2, 2015

The Lower House of the Dutch Parliament has agreed to the accelerated rise in the retirement age for the State Pension (AOW). The accelerated rise relates to an element of the coalition agreement reached in 2012. The consequence of this rise is that the retirement age for the State Pension will be 66 in 2018. The retirement age for the State Pension will be 67 in 2021. After then, any further increase in statutory retirement age will be subject to the development in life expectancy.

Focus on the average salary scheme

Mar 19, 2015

In just a few minutes the video on this website will give you a good insight into what the average salary scheme comprises. What happens if your salary increases and how is your accrued pension kept inflation-proof?

Statutory changes as of 1 January 2015

Jan 1, 2015

The SSPF pension scheme has been amended as of 1 January 2015 as a consequence of new pension legislation. Government has implemented these measures to economise further on pension accrual in the Netherlands. Shell considers it important to provide a good pension scheme and is making optimum use of the opportunities offered under the tax legislation in force from January 1, 2015.

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