Recently, IBM, Kyndryl and their two works councils have discussed at length a new pension plan. That should start for IBM employees on Jan. 1, 2028. The new agreements are included in IBM and Kyndryl’s transition plans. Both employers agreed not to convert existing pensions to the new pension plan(s). For former IBM and Kyndryl employees and retirees, nothing will change as a result. All Kyndryl employees have already been covered by a new arrangement since Jan. 1, 2025.
Want to know more?
In the transition plans, IBM and Kyndryl explain the choices made. Would you like to know more about the agreements made and why? Then read IBM’s or Kyndryl’s transition plan via the link below (log in with DigiD).
What will SPIN do next?
Now that the plan has been submitted, we will assess whether we can implement the agreements and whether it is clear and fair (“balanced”) for everyone. To do so, we create an implementation and communication plan. We then submit this plan to De Nederlandsche Bank (DNB) and the Financial Markets Authority (AFM). We aim to do that by the end of 2025. Both regulators must also give their approval.
How do we keep you informed?
Want to learn more about the new pension plan and follow-up steps to Jan. 1, 2028? General information can be found on this page on our website. On MySPIN you will find more and more information in the coming years about what the new pension plan will or will not mean for you personally.
Also read this previously published news item: IBM and Works Council agree on new pension rules