I haven’t heard of an ESOP before. As I understand it, this is an (additional?) pension fund where the value of your pension is tied to the company valuation i

I haven’t heard of an ESOP before. As I understand it, this is an (additional?) pension fund where the value of your pension is tied to the company valuation in the form of a promise to sell you stock units when you either retire or leave the company. Sounds like a nice perk to have but one would obviously be unwise to rely on that for retirement.