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A pension is very unlike a 401k. A 401k is an investment account that you, the employee own. A pension is an account the employer owns, m along with a promise t
by erikpukinskis 7y ago
A pension is very unlike a 401k. A 401k is an investment account that you, the employee own. A pension is an account the employer owns, m along with a promise they’ll pay out of it at a certain rate.
- martin_bech 7y agoPensions are different in Denmark, the employee owns the pension, and has a lot of options on how it works, how its invested etc. Thats also why pensionplans cant really default in Denmark, because its the employees own account, with money already in it.