Which Pension Plan Is Best? 
The best pension plan in my humble opinion is an employer sponsored 401 -LRB- k -RRB- defined contribution plan under ERISA -LRB- Employee Retirement Income Security Act of 1974 -RRB- But the real value of a 401 -LRB- K -RRB- retirement plan is the optional employer contribution match which can be as high as 6 % of your base salary.The pretax contributions save taxes today . The accounts accumulate tax deferred . And at distributions are taxed as ordinary income . 