re: Shell cuts dividend for first time since WW2

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Has it changed significantly in the past 3-5 years? I interviewed with them a few years back, and their retirement plan was still WAY better than anything I’ve seen elsewhere. The only downside was that there was a fairly long period before you became eligible for pension and company 401k match - either 3 or 5 years I think. But most people don’t take a job with Shell planning to jump ship in a couple of years.

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Shell puts money in to your 401k even if you don’t. They start out at 2.5% in years 0-5

Goes up to 5% at years 5-10 and then jumps to 10% afterwards.

Upon retirement now, you get a six figure lump sum to do with as you please plus your 401k. If you managed it well and were putting in yourself, you’ll be doing pretty good when you bounce.

However, as another guy poster said if you were hired on about 10years ago you were still eligible for the pension.