We don’t call a 401(k) or an IRA a pension. “A 401(k) is classified as a defined contribution plan while a pension is a defined benefit plan.“ https://www.inve

We don’t call a 401(k) or an IRA a pension. “A 401(k) is classified as a defined contribution plan while a pension is a defined benefit plan.“ https://www.investopedia.com/ask/answers/100314/whats-difference-between-401k-and-pension-plan.asp https://www.investopedia.com/ask/answers/100314/whats-differ... But there’s little point in arguing over definitions when it’s clear what’s actually going on.