Hacker News new | past | comments | ask | show | jobs | submit login

Whut? They offer a 3% 401k match. Very different from a pension.



Wikipedia says 401ks are pensions.

> In the United States, a 401(k) plan is [a] tax-qualified, defined-contribution pension account


Defined contribution is the key part.

In the US at least, if you say a job has a pension... it has a pension in the sense that you work X years, you get paid $y per year for life after you retire. Chicago teachers and Fire Fighters have a pension (for now). Tech employees almost never do.

No one would EVER advertise a job as having a pension if it had a 401k. It would be advertised as "401k match OR retirement benefits OR something along those lines"




Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact

Search: