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Ask HN: Tech Jobs with Pensions?

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Re: Ask HN: Tech Jobs with Pensions?

#4
I'd be curious to know what folks see as the benefits to a pension that are otherwise not reproducible with a 401(k) and standard brokerage account. The only difference with the brokerage is ERISA protection, which provides protection from creditors in the case of a judgment.

Re: Ask HN: Tech Jobs with Pensions?

#5

I'd be curious to know what folks see as the benefits to a pension that are otherwise not reproducible with a 401(k) and standard brokerage account. The only difference with the brokerage is ERISA protection, which provides protection from creditors in the case of a judgment.

A pension offers a guaranteed income at a specific rate based on your salary at the time you retire. With 401(k) you get what you get based on how you invested and what the market did.