Those are not pensions. The 401k system is *explicitly* an alternative to the ol... | Hacker News

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lazyasciiart on March 7, 2023 | parent | context | favorite | on: French workers protest plan to increase retirement...

Those are not pensions. The 401k system is explicitly an alternative to the older pension systems. Words mean things.

jbn on March 10, 2023 [–]

but these are pensions, more specifically they are supplemental pensions on top of the basic one like US social security, or France's basic pension from SS (which is supplemented by "complementary pension" from other regimes like AGIRC/ARRCO).

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