had a job interview the other day where they mentioned that i would get a pension that was vested in 10 years if i was selected for the job
wtf does a pension being vested mean? and whats the different between a pension and something like a 401k that makes people like pensions more?
In: Economics
Can I ask what industry this is? 10 years seems insane to me. I know in the pipe trades, you’re fully vested in 5 years (length of a UA apprenticeship). So the day you journey out (as long as you don’t fail anything) is the day you are fully entitled to your pension.
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