What if I leave Shell?

You will have the option to:

• receive a refund of your own SOCPF pension contributions, including interest at the rate of 3% a year.

or

• possibly transfer your pension benefits to another suitable pension arrangement. See the Transfers out of the SOCPF factsheet (factsheet will be available shortly) for full details.

If you do nothing you will automatically receive a refund of your contributions. See the Leavers without pension entitlement factsheet (factsheet will be available shortly) for full details.

You will automatically receive a refund of your own pension contributions, including 3% p.a. interest.

You will automatically become entitled to a deferred pension.

None.

If you wish, you can take an immediate pension, instead of deferring it until Pension Age. The pension would be reduced, currently at the rate of 4% for each year it is taken earlier than Pension Age, to take account of it being be paid longer.

This factor is subject to periodic review by the Founding Companies and may change in the future. If you take your SOCPF and SCPF pensions early and you have paid AVCs, you can decide to take your AVC benefits at the same time or at a later date (up to age 77). The Pensions Advisory Unit can advise you on what you need to do in order to take your pension.

If you do nothing your pension benefits will automatically be deferred until your Pension Age or earlier date that you decide to take your pension.