IBM and the Central Works Council (COR) have decided in the agreement that accrued pensions (DB and DC) will not be transferred to the new pension plan. This means that nothing will change about your accrued pension with SPIN from the Wtp. SPIN will continue to manage your pension and we will remain your trusted point of contact.

Kyndryl and the Works Council have also agreed on this. They will not convert DB pensions already accrued with SPIN to the new pension plan.

In the decision-making process, the Association of IBM Retirees (GBC), among others, was given a statutory right to be heard. This means that they gave an opinion on the proposed changes. With this, the interests of pensioners were also carefully considered in the decision-making process.

The agreements are articulated in a transition plan. These can be found on MySPIN
(on the 'Further Information' page, under the 'New Pension Plan' tile).

SPIN assessed whether we can implement the agreements and whether it is clear and fair ("balanced") for everyone. To this end, we prepared an implementation and transition communication plan. We submitted these plans to De Nederlandsche Bank (DNB) and the Netherlands Authority for the Financial Markets (AFM). They must also give their approval. Once we receive this approval, we will inform you.

We will keep you informed
We will keep you informed of the latest developments through our website and online newsletters, among others. In April 2026, we will organize an online information session. Retired members have received information about this and the opportunity to register. Do you have questions or want to know more? Please feel free to contact us. We are at your service!