The Pension Fund must ensure that the pension undertakings given by the employer can be paid both now and in the future. The funding ratio is used to measure this.
The objective of the policy of the Board is to meet pension entitlements and pension rights. The Pension Fund endeavours to keep pensions that are in payment and non-contributory pension entitlements inflation-proof. The guide for this is the “derived consumer price index for all households”. The Pension Fund endeavours to achieve its objective by means of reasonable and stable contributions.
In this section
The Board pursues a long-term policy in order to manage the Pension Fund’s assets.
The policy of the Shell Pension Fund in the Netherlands (SSPF) in respect of responsible investment (also known as Environmental, Social and Governance (ESG) policy) is laid down in the Actuarial and Technical Business Report (ABTN).
Indexation is the periodical adjustment of pensions by a certain percentage.
The Diversity Policy is a core element in the composition of the bodies of SSPF.
The SSPF remuneration policy complies with the Pensions Act and the Code of the Dutch Pension Funds. They require that pension funds pursue a restrained and sustainable remuneration policy that does not encourage them to take more risks than are acceptable.