You work at IBM? So what will this new pension system look like for SPIN soon?

As of Jan. 1, 2028, everyone builds up pension capital in a sort of personal pension pot. Your pension pot is invested for you and is the sum of the contributions made by you and IBM plus the return on those contributions. Return and risk from the investments differ among participants depending on their age and investment profile. The idea here is that a younger participant can take on more investment risk than an older participant. This is because a younger participant has a longer recovery period after a bad investment year. And also benefits more from higher long-term returns. An older participant benefits from more stable returns. This is similar to SPIN's current DC plan, in which investment risk is also age-related.

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