Shell pensioners are going to court in an effort to force the oil giant’s pension fund to increase their pensions to compensate for the lack of an increase in line with inflation in 2009, the Financieele Dagblad reports.

Corporate pensions go up in line with inflation but funds are allowed to scrap the rise if they are short on funds. The gap is supposed to be closed later when the economy recovers.
But the Shell pension fund board has decided not to do this, leading pensioners to take legal action, the paper says.
The fund says the economic situation is still too unstable to allow full index-linking to be restored. But the pensioners argue the fund has enough money, given it has a coverage ratio above the required 115%.
The claim will be heard by the company court in Amsterdam