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Whut? They offer a 3% 401k match. Very different from a pension.
by brianwawok 9y ago
Whut? They offer a 3% 401k match. Very different from a pension.
- chrisseaton 9y agoWikipedia says 401ks are pensions. > In the United States, a 401(k) plan is [a] tax-qualified, defined-contribution pension account
- brianwawok 9y agoDefined contribution is the key part. In the US at least, if you say a job has a pension... it has a pension in the sense that you work X years, you get paid $y per year for life after you retire. Chicago teachers and Fire Fighters have a pension (for now). Tech employees almost never do. No one would EVER advertise a job as having a pension if it had a 401k. It would be advertised as "401k match OR retirement benefits OR something along those lines"