Deferred Members
Your Choices
After you have left IBM, you have two options about what you do with your Defined Benefit pension:
1. You can leave your pension within the IBM Pension Plan. Any pension in excess of the Guaranteed Minimum Pension* will increase for each complete year from the date you leave IBM until the date you retire. The amount of revaluation applied to your deferred pension is set by the Government each year.
* Any Guaranteed Minimum Pension will be revalued when you reach State pension age.
2. You can transfer the pension to another registered pension scheme; this could be a new employer or a personal pension arrangement.
Last Updated: 29/06/2009
Current Employees
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