We hope, of course, that you remain healthy, and live for a very long time. Still, it’s good to take a moment to think about what happens after you die. This is because the survivor’s pension with SPIN is insured on a risk basis, and this insurance stops when you leave employment or retire.
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 will not be high enough? Then you can take care of extra money for your survivors 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.
In addition, you can provide a higher partner’s pension through SPIN. This is because you can voluntarily make additional contributions to your DC capital. In this way you ensure a higher pension capital, with which your surviving relatives can purchase a higher benefit after your death. Depending on your age, you may receive more or less. Contact our service desk for more information.
You can also find more information about the partner and orphan pension 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.