> A 401K retirement plan is not a pension. Are we both talking about https://en.... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		chrisseaton on April 29, 2020 \| parent \| context \| favorite \| on: Lyft lays off 17% of workforce, furloughs hundreds... > A 401K retirement plan is not a pension. Are we both talking about https://en.wikipedia.org/wiki/401(k)? "In the United States, a 401(k) plan is the tax-qualified, defined-contribution pension"

Loughla on April 29, 2020 [–]

Defined contribution (401k) is not the same as defined benefit (pension).

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