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> pension contribution Pensions are horrifically anti-worker. You're basically withholding X% of someone's pay for 40 years, and also confiscating that pay if
by esoterica 6y ago
> pension contribution
Pensions are horrifically anti-worker. You're basically withholding X% of someone's pay for 40 years, and also confiscating that pay if they don't stay at the same company until the pension vests (so people cannot leave without incurring a huge financial penalty even if they hate their job and can find better options elsewhere).
- ardy42 6y ago> Pensions are horrifically anti-worker. You're basically withholding X% of someone's pay for 40 years, and also confiscating that pay if they don't stay at the same company until the pension vests (so people cannot leave without incurring a huge financial penalty even if they hate their job and can find better options elsewhere). It depends. I have a defined-benefit pension that vested after a short time (5 years? it was a long time ago, but it was about the same as the 401k match). I've never felt tied down by it, and it's a nice thing to have to diversify my retirement assets, since it was one where I wasn't taking the risk.
- apexalpha 6y agoSee, this is why people need unions. In my country pensions are handled by the employer AND the union. All the issues you mention are not present here, since unions would not agree to let employers hold a pension over someone like this.