The Life Cycle Savings Scheme (Levensloopregeling), introduced on 1st January 2006 by the employer, is a statutory savings scheme that is separate from the pension scheme. By means of the Life Cycle Savings Scheme you can save part of your gross salary to finance a period of unpaid leave in the future. Such leave may be a leave of absence in the course of your career, or a period of leave immediately preceding the commencement of your pension. |
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During Life Cycle leave, you accrue pension entitlements on your Life Cycle payout, up to a maximum of a half pension year. The Pension Fund is not responsible for administering this arrangement. More information can be found in the 'Life Cycle Savings Scheme' brochure. This brochure is electronically available on the Shell intranet (SWW), on de site 'HR Online'. |
