Update FPA on behalf of the COR and Frans Everts

The Central Staff Council (‘the COR’) and Shell Netherlands (‘Shell NL’) have been regularly and constructively discussing the future of our pensions for some time now. The reason for these is the new Future of Pensions Act. Good progress has been made and that means we are entering the next phase. In this phase, the VOEKS (‘Association of former employees of Shell’) Hearing Rights Committee (‘VHC’) will exercise its so-called legal “hearing right” and give its opinion on the draft transition plan that reflects the proposal for a new pension scheme and the transition.

This opinion will then be taken into account by the COR and Shell NL in the follow-up discussions. This will take some time. After this, the intended proposal as discussed with the COR and with the VHC will be submitted to the COR via a formal request for consent. The consent of the COR is needed before any changes can be implemented. We will therefore only be able to provide more information about our new pension scheme and the transitional measures in a few months’ time.

In addition, in this next phase, we will also continue the iterative and preparatory discussions with the boards of the pension funds (SNPS and SSPF). The boards have the task of assessing the new pension scheme for feasibility and balance, among other things. This means they must assess whether all interests have been properly weighed in the process. To this end, an internal decision-making process takes place within the funds. After the decision of the funds, the new scheme will have to be implemented. We aim to implement the changes to the SNPS scheme by 1 January 2026. For the SSPF scheme, this is 1 January 2027.

Both the COR and Shell NL appreciate the constructive cooperation and confidently look forward to the next phase in the process.

A message from Frans Everts

Frans Everts, CEO of Shell Netherlands, has sent a message to all colleagues about the Future of Pension Act. The message has also been posted in the VOEKS news and distributed by email to pensioners and former colleagues. Please read the message below.

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After years of negotiations, the new Future Pensions Act was passed in the Senate on 30 May 2023. The law will enter into force on 1 July 2023. The government considers it important that everyone receives a good pension in the future, including the generations to come. With the current system, this is not feasible. That is why all pension schemes in the Netherlands must be amended. Also those of Shell. We have no choice in this. I would like to inform you about the steps we will take to this end.

What will change?
In any case, what does not change is that Shell considers pension to be one of the most important parts of our employment conditions in The Netherlands. Together with the Central Staff Council (COR), we will agree on a good new pension scheme for everyone. We want to do this carefully and through constructive dialogue with the COR and other parties involved such as the board of the pension funds and the association for former colleagues and pensioners (VOEKS).

We currently have three different pension schemes. Changes will take place in all three. To give an example: for new employees who enter the SNPS scheme, one fixed pension contribution will soon apply (while at the moment the amount of the contribution depends on someone’s age). Whether this also changes for current SNPS members (in service from 1 July 2013) will be discussed with the COR. What remains, is that these employees already have their own pension pot, which moves with economic developments. Employees who are currently accruing pension in the SSPF scheme will also start to accrue pension in their own pension pot. In addition, we are talking to the COR about how we can best deal with the already accrued pensions of Shell colleagues – and former colleagues – in the SSPF fund. These decisions are important and must be taken within the legal framework that follows from the FPA. This framework aims to complete the transition in a balanced and careful manner. That is also our goal. 

Inform yourself
The consequences of the changes for you personally depend on many factors. At the moment, these are not yet clear. Of course, we will also let you know later in the process what the changes mean for you personally.

I can imagine that this raises questions That is why we think it is important to inform you about the developments in our pension now. This month and next, we are organising information meetings at various Shell locations in which we will update you on the process. I cordially invite you to register for one of these meetings HERE. Also keep an eye on Yammer for more information about the meetings. 

In addition, in recent months we have been working with the pension funds on www.nieuwpensioenbijshell.nl, a website where you can find all important information about the Future of Pensions Act, current developments and possible scenarios for the future. I advise you to keep a close eye on this website to stay informed about your new pension. Step by step, we will work together towards a new pension in the coming years.

Get a grip on your future

Do you know how much income you can count on later? And how much pension there will be for your partner and any children if something happens to you? You can find out by logging on to mijn-Shellpensioen. Mijn-Shellpensioen.nl answers these questions and much more. Mijn-Shellpensioen.nl gives you an estimate of your expected pension based on your current pension scheme. If this changes as due to the new pension law, you won’t be able to see it yet.

Get a grip on your future and log in!  

Pensioner’s pensions

The new pension law stipulates that certain associations of pensioners and former colleagues have a hearing right. The pensioners’ association at Shell, VOEKS, makes use of this. In practice, this means that VOEKS is involved in the changes in the pension and that their opinion is asked during the process. Shell and the Central Works Council will then take this into account in the discussions about the future of the pension. In the end, there must be a balanced decision for all stakeholders, i.e. for employees, pensioners, former colleagues and the employer.  


Would you like to know more about VOEKS? Click here.

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