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Email from “A Very Concerned Deferred Shell Pensioner”

 

3 October 2008

Dear Alfred,  

I’m surprised that there is not yet some information on your site regarding the proposed changes to Shell Pension Terms. Whilst Netherland unions are protesting against increased pension age and employee contributions, the UK has been strangely quiet. Of course many Shell UK offshore assets have been sold-off and the asset workforce sold-out but still though is it “no noise or no voice” that prevents representation against Shell pension cuts in the UK?  

Shell proposes from 1/1/2009 to establish a new section to their pension scheme for new employees/new pension joiners. This new section offers less attractive terms than those currently existing. read more

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Red alert for pension plans: Top schemes have gone into debt

Employees with least to worry about at this point in time, because their pensions are well funded, include those at GE, whose scheme has a 29% surplus, EMC with a 24% surplus, Mitsubishi with a 22% surplus, Royal Dutch Shell, with a 22% surplus, Hewlett Packard and IBM, both with a 13% surplus.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.

Shell stops paddling and jumps in pensions pool

After much dipping of toes in water, Royal Dutch Shell has finally taken the pensions pooling plunge. Following the examples of Unilever and Nestlé, the oil company will pool all its global pension and insurance assets in order to outsource administrative and other functions to JPMorgan.

shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
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