{"id":4422,"date":"2025-02-28T18:07:54","date_gmt":"2025-02-28T17:07:54","guid":{"rendered":"https:\/\/spin.nl\/ongecategoriseerd\/ibm-and-works-council-agree-on-new-pension-rules\/"},"modified":"2026-03-10T11:15:22","modified_gmt":"2026-03-10T10:15:22","slug":"ibm-and-works-council-agree-on-new-pension-rules","status":"publish","type":"post","link":"https:\/\/spin.nl\/en\/page\/ibm-and-works-council-agree-on-new-pension-rules\/","title":{"rendered":"IBM and Works Council agree on new pension rules"},"content":{"rendered":"

We are pleased to report that IBM and its Works Council (OR) have reached an agreement on pension transition under the Future Pensions Act (Wtp).<\/p>\n

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<\/a> and include in the subject line of the ticket: 2025 pension agreements<\/em>.<\/p>\n

Are you now no longer working at IBM or Kyndryl or already receiving a pension from SPIN? We list the most important arrangements for you below. <\/p>\n

Wtp agreements in outline<\/strong><\/p>\n

    \n
  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; <\/li>\n
  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<\/a> from IBM and Kyndryl. SPIN will continue to manage and pay out accrued pensions in the current manner; this includes the partner’s pension.<\/li>\n
  3. Current allowance schemes 1, 2 and 3 remain unchanged.<\/li>\n<\/ol>\n

    The intended effective date of the Wtp agreements is Jan. 1, 2028. More information on exactly what the agreement entails will follow later. The basis for the new agreements between IBM and the Works Council is that no one will lose out because of the Wtp. <\/p>\n

    Other agreements
    \n<\/strong>In addition, IBM and the Works Council have agreed that over the next three years they will explore the possibility of you using your DC capital to also purchase a pension from SPIN.<\/p>\n

    Follow-up steps
    \n<\/strong>Now that there is agreement between IBM and the Works Council, all agreements will be recorded in a transition plan. The association of pensioners and others (GBC) then has a statutory right to be heard. This means they can give their opinion on the proposed agreements. After consultation with the GBC, the transition plan will be presented to SPIN. We will assess whether we can implement the agreements made. Regulators DNB and AFM must give their approval. <\/p>\n

    Our website will be the place to find all the answers for the next few years
    \n<\/strong>You will find all relevant information about the new pension scheme in one central location on our website Spin.nl.     On this page<\/a> we will keep you informed of the latest developments regarding the Wtp.<\/p>\n

    Do you work at Kyndryl? If so, you have already received information about the changes from Kyndryl. If you still have questions, please contact NLEmployeeOffice@kyndryl.com.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/section>\n","protected":false},"excerpt":{"rendered":"We are pleased to report that IBM and its Works Council (OR) 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...","protected":false},"author":7,"featured_media":4423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[35],"tags":[],"class_list":["post-4422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-page"],"acf":[],"yoast_head":"\nIBM and Works Council agree on new pension rules - Stichting Pensioenfonds IBM Nederland%<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/spin.nl\/en\/page\/ibm-and-works-council-agree-on-new-pension-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBM and Works Council agree on new pension rules - Stichting Pensioenfonds IBM Nederland%\" \/>\n<meta property=\"og:url\" content=\"https:\/\/spin.nl\/en\/page\/ibm-and-works-council-agree-on-new-pension-rules\/\" \/>\n<meta property=\"og:site_name\" content=\"Stichting Pensioenfonds IBM Nederland\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-28T17:07:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-10T10:15:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/spin.nl\/wp-content\/uploads\/2024\/05\/Boompje.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"443\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Esther Bendijk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Esther Bendijk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/\"},\"author\":{\"name\":\"Esther Bendijk\",\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/#\\\/schema\\\/person\\\/e1909fcfd917213421e7c3c726c84af6\"},\"headline\":\"IBM and Works Council agree on new pension rules\",\"datePublished\":\"2025-02-28T17:07:54+00:00\",\"dateModified\":\"2026-03-10T10:15:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/\"},\"wordCount\":449,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/spin.nl\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/Boompje.jpg\",\"articleSection\":[\"Page\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/\",\"url\":\"https:\\\/\\\/spin.nl\\\/en\\\/page\\\/ibm-and-works-council-agree-on-new-pension-rules\\\/\",\"name\":\"IBM and Works Council agree on new pension rules - 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