The agreement from both IBM and Kyndryl states that DB pensions and DC capitals accrued at SPIN will not be converted to the new pension plan. These pension (capitals), accrued until Jan. 1, 2028, will thus remain as secure.

From January 1, 2028, it will no longer be legal to accrue pension in a DB plan. From this date, it will only be allowed to accrue in a private pension pot that is invested (as it is now in our DC scheme). Return and risk from the investments mean that pensions from January 1, 2028 will be less secure than before. A compensation scheme has been agreed for this. You can read more about this in the transition plan. You can find this plan on MySPIN on the Nader belicht page, under the tile 'New Pension Plan'.