> Yes that's the way my pension works. It's still a 'pension'! That's technically correct (for example, you'll see 401(k) accounts referred to as "pension" acc

> Yes that's the way my pension works. It's still a 'pension'! That's technically correct (for example, you'll see 401(k) accounts referred to as "pension" accounts on their wikipedia page) but people are so used to referring only to defined-benefit accounts as pensions in the United states that they will look at you funny if you call your 401(k) or IRA a "pension." As is virtually happening here.