Fri Dec 12, 2008 5:40am EST
LONDON, Dec 12 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote,Profile, Research, Stock Buzz) (RDSb.L: Quote, Profile, Research, Stock Buzz) said its Dutch pension fund had fallen into deficit as share market turmoil knocked 40 percent off the fund’s value, forcing the oil major and employees to increase contributions.
Shell said in a letter to employees on Thursday, seen by Reuters, that the funding ratio of the Pension Fund was 85 percent at the end of November 2008.
An agreement between Shell and the fund requires Shell to provide additional funding up to a funding ratio of 105 percent, if the funding ratio regularly is below 105 percent over a six-month period, the letter said.
A spokeswoman confirmed a letter had been sent to employees informing them the fund was underfunded but could not say how much the new arrangements would cost Shell. (Reporting by Tom Bergin; Editing by Greg Mahlich)
© Thomson Reuters 2008 All rights reserved
(Letter supplied to Reuters by RoyalDutchShellPlc.com)
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
