Quote:
Originally Posted by IowaHawkeyeChief
Most companies of 50 or more employees offer a defined contribution plan which many have an employer match like you are stating. Also, those that do still offer a defined benefit traditional pension, it is fully guaranteed by the Pension Benefit Guaranty Corporation which is federally chartered. So very similar to your structure.
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Kind of similar, although I take it that they're not legally obliged to offer a pension scheme and rather its a case of if they didn't then it would be harder to recruit/ retain staff.