IBM and its works council (COR) have reached an agreement on pension transition under the Future Pensions Act (Wtp).

Do you work at IBM? Then you will receive information from IBM about the changes. They will return with more detailed information in later communications. If you still have questions at this point, please contact AskHR and include in the subject line of the ticket: 2025 pension agreements.

For (former) Kyndryl employees and retirees, Kyndryl and the Works Council have previously agreed on this. Do you work for Kyndryl and have DC capital with SPIN? Then your DC capital will have been transferred to Kyndryl's new pension administrator in early 2026. Unless you have not given your consent to this. In that case, your capital is left behind with SPIN. All DB pensions are also left with SPIN.

Meanwhile, are you no longer working at IBM or Kyndryl? Or are you already receiving a pension from SPIN? We list the relevant arrangements for you below.

Wtp agreements in outline

1. The accrued Defined Contribution (DC) capital will not be converted to a new plan (there will be no "rafting in"). SPIN will continue to manage the accrued pensions...;
2. The accrued Defined Benefit (DB) pension will also not be converted to a new plan (there will be no "rafting in"). Accrued DB entitlements remain intact, including the top-up guarantee from IBM and Kyndryl. SPIN will continue to manage and pay out accrued pensions in the current manner; this includes the partner's pension.
3. Current allowance schemes 1, 2 and 3 remain unchanged.

The effective date of these Wtp agreements for IBM is Jan. 1, 2028. More information on exactly what the agreement entails will follow later. The basis for the new agreements is that no one will lose out because of the Wtp.

We will, of course, keep you informed of further developments when we can tell you more about them. Meanwhile, Kyndryl and IBM's transition plans are online. You can find them on MySPIN on the Nader beloved page, under the "New Pension Plan" tile.