Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAdrian VolenikSat, June 6, 2026 at 5:31 PM GMT+2 5 min readBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.For many millennials, pensions feel like a benefit from another era. Defined-benefit retirement plans were once common in the private sector, but many companies phased them out long before younger workers entered the workforce. So when one millennial asked on Reddit recently, “Who remembers jobs with pensions?” they seemed to expect a flood of nostalgic responses.Instead, they got something else entirely.The Pension Jobs That Still ExistHundreds of people responded by saying they have pensions and are counting on them as a major part of their retirement plans. While pensions may be far less common than they once were, many workers said they are still alive and well in certain industries.Don't Miss:Make your first trade—or your next one—with commission-free investing and up to $1,000 in stock from SoFi.See how a tax-aware retirement strategy could help improve your 2026 outlook — match with a financial adviser today.Government workers, teachers, postal employees, union tradespeople, railroad workers, public library employees, healthcare workers and university staff all reported having pension plans.One millennial who graduated high school in 2005 said they have a state job with a pension. “I’m 10 years in; not leaving now,” they added.Many described pensions as “golden handcuffs,” a term used to describe benefits that make it difficult to walk away from a job.“I’m not leaving my pension for better pay, working conditions, or quality of life,” one worker said.“I hate my job, a lot,” another millennial who has spent years in government work wrote. “But I’ll never find another job that pays me so much, for how little work I actually do….add in the pension, I’m stuck forever.”Others said they have countdowns running until retirement eligibility. One person joked that they have “8,678 calendar days left” before reaching their pension goal.Trending: Investors are moving beyond traditional IRAs — using self-directed accounts to access real estate, crypto, and alternative assetsSecurity Versus FlexibilityThe discussion wasn’t entirely one-sided.Many workers praised pensions for providing stability, predictable retirement income and protection against market swings. Several people said they accepted lower salaries because of the long-term value of pension benefits, healthcare coverage and job security.On the other hand, people argued that modern retirement plans can be more attractive.Some commenters said they would prefer strong 401(k) matching programs because retirement savings remain portable when changing jobs. They also pointed out that pensions often require decades of service before workers receive meaningful benefits.See Also: While long-term investors like Warren Buffett focus on public markets, traders are increasingly using evaluation programs to access funded futures accounts—see how it worksOne commenter argued that “most 401(k) plans are light-years better than pensions” because employees can keep their savings regardless of where they work.Still, the overall discussion highlighted how many millennials view pensions today. For those lucky enough to have one, the benefit often becomes a major reason to stay put. For those without one, pensions can seem almost mythical compared with the retirement options available in much of the private sector.The responses showed that pensions haven’t disappeared entirely. 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Free to use, Finance Advisors gives individuals with meaningful savings access to a level of planning sophistication historically reserved for high-net-worth households, helping reduce hidden tax risk and improve long-term financial confidence.Image: ShutterstockThis article A Millennial Asked, 'Who Remembers Jobs With Pensions?' The Replies Showed They're Not As Rare As Many Think originally appeared on Benzinga.com© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.Terms and Privacy PolicyPrivacy & Cookie SettingsMore Info