A pension? I've never heard of a pension in tech (though I am from a different country than you). I've never heard of companies taking part of their earnings to invest in the well being of their people. The most I have heard of are perks like ping-pong, a free beer once in a while, and conferences. They often even give you a computer to work on! And a chair to sit in!
(I kid you not, these are often listed as perks in tech job ads)
Obviously startups are not the place to look for a pension but I haven't even heard of established companies in tech offering them.
Seems like a dead-end career if you care about retiring and sending your kids to a decent school (if that's what they want). My grandfather-in-law was set for life when he retired as a mechanical engineer. I'm in my mid-30s and I don't see my career ever ending and my financial future seems like it will always be at risk no matter how I invest and manage my savings.
What kind of company, might I ask, offers such a rare thing?
Outside the US the term "pension" also is used to mean that the company pays into some(semi-) government scheme that provides a pension. I think the company itself paying the actual pension when you retire is a US only phenomenon.
I can't speak for the person you replied to, but I live in the Netherlands and here (and if I'm not mistaken in most of Europe) offering a pension plan is obligatory for companies in most sectors, including tech. Then again, our perspective on these things is quite different from for instance the USA, health insurance is not an option, it is obligatory.
A private pension (where the company pays for retirement) just doesnt make sense when lots of major tech companies havent even been around for a decade. This model was a better fit for when companies would last 50+ years and people would have their entire career at a single company.
These days its better handled by a federal/social investment fund that all companies contribute to and then pays out to each individual. But that's basically social security.
(I kid you not, these are often listed as perks in tech job ads)
Obviously startups are not the place to look for a pension but I haven't even heard of established companies in tech offering them.
Seems like a dead-end career if you care about retiring and sending your kids to a decent school (if that's what they want). My grandfather-in-law was set for life when he retired as a mechanical engineer. I'm in my mid-30s and I don't see my career ever ending and my financial future seems like it will always be at risk no matter how I invest and manage my savings.
What kind of company, might I ask, offers such a rare thing?