If you plan to spend it when you're retired then it's a pension!

This is significant because the risk is on the employer to make up any short falls if the pension fund is not able to pay $Y because of market performance or underfunding. A 401K shifts the risk to the employee. If it's not enough to provide $Y per year, that's the former employee's problem to deal with.

Then I guess my savings account is a pension too as well as the jar of small change I keep on the kitchen counter.

> If you need help defining the words in that section let me know

Well I must not understand the word 'pension' then, because it says multiple times that it's a 'pension'!

If you don't to explain it to me you're not obligated to.

Not sure why you keep repeating my name and job like you're trying to dox me for asking a question about pensions... and it's in my HN Profile and my name is my username, you're not a genius for finding it out.

That's what I just said... but why do you keep copy and pasting it into your comments and then deleting it?

I really don't know what your problem is.

But people can see you editing your comments so they know what you're writing even if you remove it later.

People can also see you trawling through my comments to reply to unrelated things.

For this reason I've flagged you - looks like other people are as well as your comments are showing up flagged now.