Three reasons why pensions are portable
By Tristan Fitzpatrick Source: NPPC One of the biggest misunderstandings about public pensions is that if one leaves public service before they retire, then they cannot take their pension benefits with them. This belief is usually mentioned by those who say defined-contribution accounts like 401(k)s are somehow more “portable” than defined-benefit pensions. However, the truth is that public pensions are, in fact, reasonably portable. Here are three reasons why pensions offer a large amount of portability. 1. All plans [...]