Its great, really a great thing
New hires only have a 401k. Employees that have been around for a number of years have access to a pension plan.
I received pension under one of the older pension plans...which is great
The pension plan was changed in 2012, but is still very generous the longer you maintain employment with Shell.
I am only 31 years old and I am fully vested in pension. I have the opportunity to have a pretty large pension when I am at retirement age.
As a contractor I received no benefits...including no pension plan. I think employees have a very good pension plan though
Although common among the Major Oil Companies, very few employers today defined benefit plans such as SGS' pension plan.