SSPF SNPS

Your new SSPF scheme

Under the new Pensions Act (Pensioenwet), everyone in the Netherlands is set to receive a new pension – the new SSPF pension – with effect from 1 January 2027. You will receive the new pension if you are still working for Shell, working somewhere else or already receiving a pension.

SSPF is your pension fund if you started working at Shell before 1 July 2013.

What will change and what will stay the same?

At this stage, we don’t know exactly how much the scheme will change for you personally. We will keep you informed here and guide you step by step to your new pension with SSPF.

Some more information about the new SSPF scheme follows below:

Main changes

See the frequently asked questions for the main changes for retirees and people who are employed by Shell or have left Shell’s employment.

Frequently asked questions

Thinking of retiring?

Are you thinking of retiring? Then there are things that you need to know.

Retiring: now or wait?

Survivors’ pension

Find out how the new pension will provide for your partner and children.

The new survivors’ pension

Are you also participating in the net pension scheme?

The new net scheme is from SNPS and started on 1 January 2026. This is how the net pension scheme changes and what stays the same.

Select your situation below:

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I am accruing a net pension

Net pension scheme: What will stay the same

This is what will stay the same for you if you are currently employed at Shell and make use of the Net Pension Scheme.

Both you and Shell pay monthly contributions, which SNPS invests. Therefore, your pension pot may grow if investments do well but could also decrease if they do less well. This means that the amount you receive each month when you retire will not be fixed. You will still be able to choose a fixed or variable pension.

Your pension pot will be invested. SNPS investments are not led by short-term developments; it invests for the long term. This strategy helps us limit risks and increase the chance of a positive yield. Click the link to read more about how your pension is invested.

Go to my-Shellpension to see your expected pension benefit. It is calculated on the basis of economic scenarios published by DNB (Dutch Central Bank). They show how investments and interest rates are expected to develop in the future. But: you will only know what your actual pension benefit is when you retire.
We can invest your SNPS pension pot based on one of the following three risk profiles: defensive (less risk), neutral or offensive (more risk). Use the Investment Balance on my-Shellpension to decide which profile is best for you.

If you don’t choose a profile, we will invest your pension pot based on the neutral risk profile.
In the year you turn 58, you will make a preliminary choice: you will opt for a variable pension with SNPS or a fixed benefit via an external pension administrator. A variable pension is expected to pay out more than a fixed pension. However, when times are tough, a variable pension could pay out less. You will finalise your choice for a fixed or variable benefit when you retire.

The amount of pension you receive will depend on your accrued pension capital and the interest rates. If interest rates increase, you will buy a higher pension benefit with the same capital. If the interest rate is dropping, the pension benefit you can buy will drop too.

If you choose a variable pension, we will purchase your pension over a 10-year period, starting in the year you turn 58. This decreases your dependence on the interest rates applicable at a particular time. What happens if you choose a fixed benefit? Starting in the year you turn 58, we will invest your pension pot in life cycles until your retirement date. We will reduce the risk level of our investments as you get closer to your retirement date.

Would you like to know more about choosing a fixed or variable pension? Click here.

Net pension scheme: What will change

This is what will change for you from 1 January 2026 if you are currently employed at Shell and make use of the Net Pension Scheme.

Previously, Shell paid more premium as you got older. This will change in the new scheme. The percentage that Shell contributes will be the same for all ages. You may have a disadvantage from this. Shell has determined whether and how much compensation you receive based on your year of birth.

If you are entitled to compensation, you will receive this on top of your salary. This extra amount you can invest yourself in building up your pension. That is an option, but what you do with the compensation is up to you.

This compensation stops as soon as you retire or employment ends (and at the latest until the age of 68). You are only eligible for this compensation if you are employed at the time of the transition to the new scheme on 1 January 2026.

Are you entitled to compensation? Then you will receive a message from Shell HR before the end of the year.

Are you retiring or leaving employment before 1 January 2026? Then you are not entitled to compensation.
Your partner will still be properly insured.
If you die, and you are still employed by Shell, your partner will receive a pension. The amount of the partner's pension used to depend on how long you had worked somewhere. Now, it will be a fixed percentage of your salary. Are you leaving Shell and don’t have a new job? Your partner's pension will continue to be insured for three months. You can extend the number of months if you want.

Orphan's pension
In the new scheme, your children will not receive an orphan's pension if you die.

The disability pension will be arranged via your employer from now on.
The disability pension will become an addition to Shell Netherlands’ existing sickness and reintegration policy. It will be arranged directly via your employer and is no longer part of the pension scheme.

Are you (partially) incapacitated for work? Shell Pension will notify you about this.
Every year, the government decides the age at which people will start to receive AOW benefit. This is announced five years in advance. As the statutory retirement age changes with some regularity, the new scheme allows you to apply for your pension up to 10 years before the statutory retirement age applicable at that time. On svb.nl you can check your statutory retirement age.

I have accrued a net pension

Net pension scheme: What will stay the same

This is what will stay the same for you if you used to work at Shell and made use of the Net Pension Scheme.

Your pension will still be invested for you. Therefore, your pension pot at SNPS may grow if investments do well but could also decrease if investments do less well. This means that the amount you receive each month when you retire will not be fixed. You will still be able to choose a fixed or variable pension.

Your pension pot will be invested. SNPS investments are not led by short-term developments; it invests for the long term. This strategy helps us limit risks and increase the chance of a positive return. Click the link to read more about how your pension is invested.

Go to my-Shellpension to see your expected pension benefit. It is calculated on the basis of economic scenarios published by DNB (Dutch Central Bank). They show how investments and interest rates are expected to develop in the future. But: you will only know what your actual pension benefit is when you retire.
We can invest your pension pot based on one of the following three risk profiles: defensive (less risk), neutral or offensive (more risk). Use the Investment Balance on my-Shellpension to decide which profile is best for you.

If you don't choose a profile, we will invest your pension pot based on the neutral risk profile.
In the year you turn 58, you will make a preliminary choice: you will opt for a variable pension with SNPS or a fixed benefit via an insurance company. A variable pension is expected to pay out more than a fixed pension. However, when times are tough, a variable pension could pay out less. You will finalise your choice for a fixed or variable benefit when you retire.

The amount of pension you receive will depend on your accrued pension capital and the interest rates. If interest rates increase, you will buy a higher pension benefit with the same capital. If the interest rate is dropping, the pension benefit you can buy will drop too.

If you choose a variable pension, we will purchase your pension over a 10-year period, starting in the year you turn 58. This decreases your dependence on the interest rates applicable at a particular time. What happens if you choose a fixed benefit? Starting in the year you turn 58, we will invest your pension pot in life cycles until your retirement date. We will reduce the risk level of our investments as you get closer to your retirement date.

Would you like to know more about choosing a fixed or variable pension? Click here.

Net pension scheme: What will change

The Shell Net Pension Scheme is already largely in line with the new Pensions Act.

Every year, the government decides the age at which people will start to receive AOW benefit. This is announced five years in advance. As the statutory retirement age changes with some regularity, the new scheme allows you to apply for your pension up to 10 years before the statutory retirement age applicable at that time. On svb.nl you can check your statutory retirement age.

Are you around the age of 55 and about to retire (part-time)? If so, it is wise to consider what this change will mean for you. what this change means for you. Prikkl helps you consider the pension choices available to you.

You can make an appointment here: prikkl.nl/care-shell-pensioen-en/

I am receiving a net pension

Net pension scheme: No changes for retirees

Are you retired? Your net pension will remain as it is.

You are receiving a variable SNPS pension. If you have a variable pension, we continue to invest for you after you retire. This enables you to profit from positive investments even after your retirement date.
Every year, your pension benefit is adjusted in line with the investment results achieved.
Your SNPS pension benefit will fluctuate depending on the investment results achieved. To prevent major fluctuations in the amount of your benefit, the results achieved are spread over five years. The results are reflected in your pension benefits on 1 July of the following year. If you have chosen a fixed-increasing or fixed-decreasing benefit, this will be reflected in your pension benefit on 1 July every year too.

When will you be notified of the amount of your new pension benefit?
In July each year, we will inform you how investment results are to be distributed and how your pension benefit will be adjusted. You will find this message in your Archive on my-Shellpension.
We will transfer your net pension from SNPS to your bank account on about the 25th of each month. You will find the payment dates on shellpensioen.nl.

Do you want to stay connected with Shell?
Sign up to become a member of Voeks, and receive the Voeksnieuws magazine! Voeks is the association of Shell retirees. Read more about what Voeks does here.

SSPF

This is what the next 1.5 years will look like

March 2026

Start of the CARE programme. You gain access to online tools, explanatory videos, webinars and (if you want) personal guidance.
November 2026

You will receive a preliminary overview for the transition with your personal situation.
January 2027

The new scheme's official start.
April 2027

You will receive an overview after the transition. If you're retired, this is the time that you make the decision for a fixed or variable pension. Until then your pension remains unchanged.
July 2027

If you're retired, you will receive a confirmation of your choice. From that moment on you will receive your pension the way you chose.

We're here for you

We guide you to your new pension scheme in a way that suits your personal situation and preferences.

How we help

Your current pension at SSPF

Until the pension is transferred to the new scheme, your current scheme will simply remain in effect.

This is how your current SSPF scheme works

Your new SSPF scheme

What will change and what will stay the same?

Main changes

Thinking of retiring?

Survivors’ pension

Are you also participating in the net pension scheme?

I am accruing a net pension

Net pension scheme: What will stay the same

You will accrue a personal pension pot that fluctuates in line with investment results.

You can decide how much risk you want us to take.

You can choose a fixed or variable pension.

Net pension scheme: What will change

The employer’s contribution will be the same every year.

You will be insured differently.

You cannot start your pension earlier than 10 years before you reach the statutory retirement age that applies at that time.

I have accrued a net pension

Net pension scheme: What will stay the same

Your personal pension pot will fluctuate in line with investment results.

You can decide how much risk you want us to take.

You can choose a fixed or variable pension.

Net pension scheme: What will change

You cannot start your pension earlier than 10 years before you reach the statutory retirement age that applies at that time.

I am receiving a net pension

Net pension scheme: No changes for retirees

Your pension will still be invested for you.

Your pension is adjusted in line with investment results every year.

Your pension will be paid monthly.

SSPF

This is what the next 1.5 years will look like

March 2026

November 2026

January 2027

April 2027

July 2027

We're here for you

Your current pension at SSPF

Notification