Quote:
Originally Posted by sweetZ4me
It is a defined benefit plan so regardless of the performance of the investment pool, I will get a defined amount upon my retirement.
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While this is true in theory, it is not necessarily true in reality. Companies and even governments (usually only municipalities) can go bankrupt - or at least get in a financial mess to where they can't afford their pension liabilities - especially if the pension fund underperforms considerably. It is unlikely, but certainly not impossible.
I have a pension but I am not vested yet.