Do you receive a pension benefit? Then in many cases your pension will be increased. This is called indexation. If this applies to you depends on the type of pension you receive. The extent of the indexation can also differ depending on the type of benefit you receive. That’s why you will receive a personal letter about your pension increase in February.

Have you worked at Shell and are you now retired? Or did you work for Shell in the past and do not receive pension yet? Or are you receiving a partner's pension?
Every year, the board of SSPF tries to increase your pension in line with the prices
Indexation can only take place if the pension fund’s financial situation permits. Therefore the increase is not guaranteed. Every year the board determines if pensions can be increased.

The board has also decided to fully index the pensions for 2025
To determine the percentage of the indexation, the board takes the derived price indexation figure for all households (derived CPI index) for the period November 2023 to November 2024, as determined by Statistics Netherlands (CBS) as a benchmark for calculation . This has been laid down in the regulations. Inflation during that period was 3.1% and SSPF’s financial situation is such, which means your pension will also go up by 3.1%. The increase takes effect on 1 February 2025 and will be paid to you in March 2025.
*Whether the 3.1% indexation applies to you depends on the type of pension you receive. In your personal letter you can read which increase applies to you.

SSPF is fully up to date with all indexations
The board aims to keep the value retention of your pension stable. In other words, our goal is to increase your pension in line with the price inflation published by CBS. There are currently no indexation arrears.

Do you participate in the Collective Variable Pension (CVP) of the SNPS Net Pension Scheme?
Then your benefit moves in line with the achieved investment results. The results are reflected in your pension benefits on 1 July of the following year. You will be informed about this and can always find this message in your Archive on mijn.shellpensioen.nl.

Indexation if you work at Shell and accrue pension with SSPF
If you accrue pension, the pension you build up will be increased by 1.65% on 1 February 2025. Since 2023, the indexation method has been based on the ‘derived price indexation figure of all households’ (derived CPI index), as determined by Statistics Netherlands (CBS).

The average of the last two years is used to calculate the indexation rate. The index increased by 0.2% from November 2022 to November 2023 and by 3.1% from November 2023 to November 2024. This results in an average increase of 1.65%. Which is why we are increasing your pension by 1.65% in 2025.

Do we have your details?
Only then will we be able to keep you up-to-date. Please check and update your details via mijn-Shellpensioen.nl.

Read more about the SSPF indexation policy.