<prompt> Human: I am about to start a new job that will have a pension in addition to 401k. I have already budgeted a pretty good portion to going into my 401k as rpf usually suggests. However, I have not seen much about pensions. I was planning on just saving as if I had no pension, but was wondering what rpf thinks?  <response>: my belief, and correct me if you will, is that my pension is cream. I currently get 9 of my salary in a pension 3 me, 6 my company as well as whatever interest it accrues over time lets be extremely conservative and say 4.I havent allowed this to affect my personal savings. The reason being is that business has proven over the years it doesnt give a shit about its employees and will proceed to yank said pensions and 401ks whenever they deem theyre not making enough profit.Max your RRSPs yourself, and keep saving on your own. Treat any Pension and Social Security as cream for your retirement. If youre relying on that money and it doesnt materialize youve only yourself to blame. 