 TITLE: What Is the Difference Between a Pension and a 401(k)? CONTENT: Key Differences Between a Pension and 401(k)\n--------------------------------------------\nAmong the key differences between a pension and a 401(k) are:\n*   A 401(k) allows much control over contributions and investment decisions than a pension plan does.\n*   The employer normally funds a pension plan, while the employee normally funds a 401(k).\n*   A pension plan guarantees a certain amount of benefits per month, but a 401(k) does not.\n*   Pension plans usually are federally insured, while 401(k)s are not.\n*   When you leave a job, you can take a 401(k) with you, but you may not be able to do the same with your pension. END