Will your pension increase?

  • 15 February 2022

Do you receive a pension benefit? Then in many cases your pension will be increased. Whether or not this applies to you depends on the type of pension you receive.

Will your SSPF pension increase?
You can find an overview below. The pension will be increased on 1 February and paid in March. Once a year, the Board decides again whether or not to increase your pension and, if so, by how much. Its decision depends on the financial situation of SSPF at that time. An annual increase is thus not guaranteed.

Type of pension

 Increment

 Indexation

 Catch-up
indexation
(over 2021)
Old-age pension Conditional 5% 0.7%
Equalised old-age pension Conditional 5% 0.7%
Temporary old-age pension,
employment ended
before 1 January 2006		 Unconditional,
follows salary development
at Shell Nederland		 0% Not applicable
Temporary old-age pension,
employment ended
after 1 January 2006		 Conditional 5% 0.7%
(Special) partner’s pension,
if your (former) partner dies
before the original retirement
date has been reached		 Unconditional 0% Not applicable
(Special) partner’s
pension
if your (former) partner dies
after the original retirement
date has been reached		 Conditional 5% 0.7%
(Special) temporary partner’s
pension		 Unconditional,
follows salary development
at Shell Nederland		 0% Not applicable
Orphan's pension Unconditional,
follows salary development
at Shell Nederland		 0% Not applicable
Disability pension Unconditional,
follows salary development
at Shell Nederland		 0% Not applicable
AOW compensation Unconditional,
follows development of
the state old-age pension		 1.76% Not applicable
Deduction for the
Dutch Merchant Navy
Pension Fund (BPFK)		 Unconditional,
follows BPFK supplement		 0.44% Not applicable

Will your SNPS pension increase?
The pension will be increased on 1 January and paid in February.

  • Partner's pension
    The partner's pension entitlement is increased by 2% if your partner has died while still working for Shell. If your partner was no longer accruing pension with SNPS at the time he or she died, then the (temporary) partner's pension entitlement is not increased.

  • Orphan's pension
    The orphan’s pension is increased by 2%. You receive an orphan’s pension if your father or mother has died during his or her employment.

  • Disability pension (AOP)
    The AOP is increased by 2%.


Your pension amount is shown in the Uniform Pension Statement
You will receive this statement in April. The pension statement sets out all of your pension-related information. You can see the pension amount you receive as well as how much pension your surviving dependants will receive should you die.