We hope, of course, that you remain healthy, and live for a very long time. Still, it is good to take a moment to think about what happens after you die. Your partner may receive a partner’s pension from SPIN; your child(ren) may receive an orphan’s pension.
At MySPIN you can see how much pension your partner and child(ren) will receive if you die while employed by IBM or Kyndryl. There you will also see approximately what they can count on if you die after retirement.
Do you think the pension for your partner after your death is not high enough? Then you can arrange for a higher partner’s pension through SPIN. This is because you can increase the partner’s pension by surrendering part of your old-age pension. As it were, you then trade in part of your old-age pension for (extra) partner’s pension. Your monthly pension benefit will therefore be lower. You arrange this when you retire or leave employment.
In addition, you can take care of extra money for your dependents outside of SPIN. For example, by taking out death risk insurance. There are many insurers who offer such insurance. You can often determine the amount and duration.
More information about the partner and orphan pension can be found on our website and in your personal online environment MySPIN. You can also read more about this topic in the What’s On? of Spring 2023.