Its a difference between "general" use and "technical" use. Usually when us normal people in the States talk about a pension we mean a defined benefit retirement plan sponsored by your employer.
But in the legal/literature use it means any savings you keep for retirement. The defined benefit plan is basically gone from the private sector in the USA and is only existent in the public sector.
But in the legal/literature use it means any savings you keep for retirement. The defined benefit plan is basically gone from the private sector in the USA and is only existent in the public sector.