3 ms·

Wow, you don't have pensions very often in America? Mind if I ask what alternatives you have, or if you are just paid your pension in cash for you to spend as

• Akkuma 11y ago
  Most places offer a 401(k). Here's the differences between the two http://www.investopedia.com/ask/answers/100314/whats-difference-between-401k-and-pension-plan.asp http://www.investopedia.com/ask/answers/100314/whats-differe...
• deleted 11y ago
  [deleted]
• dsr_ 11y ago
  We used to have pensions. Some government jobs still have them. They went away along with the idea that working at a company for 20-35 years was a thing that people were likely to do. Part of the recent liberal reforms of the Obama era is the SIMPLE 401(k) plan, a method for many small businesses to offer a retirement account. It includes: A matching contribution up to 3% of each employee’s pay, or a non-elective contribution of 2% of each eligible employee’s pay. No other contributions can be made. The employees are totally vested in any and all contributions. If you establish a SIMPLE 401(k) plan, you: Must have 100 or fewer employers. Cannot have any other retirement plans. Need to annually file a Form 5500.
• throwaway_xx9 11y ago
  Your former employer expects you to sleep in your car in a Walmart parking lot (for all they care.) Welcome to America!