zlacker

>>toomuc+(OP)
Read somewhere that they get 12% match on 401k. No pensions, but there’s almost none of that in today’s world.

>>pixela+y3
Pensions seem nice to have, but IMHO, it's generally better for employer and employee when compensation is paid immediately. The accounting is simpler, accountability is easier, and there's no long term entanglements.

>>toast0+F5
Technically a pension is a trust that is independent from the employer. Its duties are to hold the shareholders (employees) funds. The issue is that the trustees is most likely the employer. So in the event of a employer insolvency, the pension is not affected by.

>>yohann+c8
The pension may be held in trust, but if the employer goes under, the pension stops getting new contributions. In many cases, this led to insolvency of the fund as well, since contributions before employer insolvency were usually not high enough to ensure fund assets could cover future obligations.