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Are you sure that's a pension plan and not their internal branding for a retirement savings account? Pensions are totally unheard-of among tech companies, I don
by Analemma_ 9y ago
Are you sure that's a pension plan and not their internal branding for a retirement savings account? Pensions are totally unheard-of among tech companies, I don't know a single person who has one. There are 401(k)s, and the good companies will match contributions generously, but no pensions.
- chrisseaton 9y agoA 401k is just another type of pension though. When you say 'pension' you really mean 'defined benefits plan'. But that's not what pension means. A pension is any kind of savings or investments for retirement, with certain tax benefits.
- Analemma_ 9y agoMaybe that's the dictionary definition, but in common parlance, everybody uses "pension" in the sense of distinguishing it from a 401(k) or other tax-advantaged savings/investment account.