Pensions have extra counterparty risk. I've also heard things that sound like they tend to have sharp eligibility cutoffs or amount calculations. There aren't

Pensions have extra counterparty risk. I've also heard things that sound like they tend to have sharp eligibility cutoffs or amount calculations. There aren't issues with a 401k if I keep changing employers every few years. And you can't play stupid games with taking lots of overtime for your final year to boost retirement benefits beyond what they "should" be.