> 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

> 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.