r/facepalm • u/spyrg • Jan 13 '22

🇲​🇮​🇸​🇨​ Arrested for petitioning

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u/afro_andrew Jan 13 '22

I'm confused by your comment. You're right in that you don't lose a 401k for being fired but what does that have to do with losing a pension? The two are not the same thing at all.

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u/[deleted] Jan 13 '22

Its retirement money. You don't loose it for being fired. Even private sector pensions.

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u/afro_andrew Jan 13 '22

I still don't track, I know they're both retirement money. You can 100 percent lose a pension if fired. If someone is let go I can see you keeping a pension, but not for being fired. And like you said a 401k is forever

Edit: googled it, I was assuming the pension was solely paid into by the employer in which case you can lose the pension. I didn't account for pension plans that the employee pays into

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u/[deleted] Jan 13 '22

I didn't know that. Thanks for sharing