Disclaimer
The SSPF scheme will be altered
"The pension scheme for employees who joined Shell before July 1, 2013 (SSPF) will change. Currently, your premium depends on your salary, so it can vary. However, you know exactly what benefit you will receive when you retire. Since this is based on the average salary you earned while working for Shell. The new law will change this system. Soon, you will contribute your own premium, and only upon retirement will it become clear what your pension capital will actually be."
You’ll get your own pension pot, but the money is invested collectively
"Under the new flexible contribution scheme (the option Shell chose), you will have your own pension pot where you can deposit your contributions. Then, Shell Pension will invest all the contributions collectively. You will have the option to choose a risk profile to determine the level of investment risk you are comfortable with. Depending on how the investments perform, your pension pot has the potential to grow but also to decrease. As you approach your pension age, we will invest less in shares, resulting in fewer fluctuations and a steadier return for each risk profile."
You will keep what you already had and probably get more
"Soon, all the pension money for SSPF will be divided among individual pots. We will do that distribution with the utmost care. In doing so, you will at least keep what you already had. But there is a fair chance that you will get a bit extra, because we are sharing part of the fund's buffers with all our participants. This buffer is a kind of reserve pot that Shell Pension was required to have to handle risks. Apart from that, you will receive your state pension, obviously."