[chrisseaton]

I am sure they both offer define contribution pensions like almost all companies do.

[lotsofpulp]

In the US, pensions means defined benefit pensions, which cost a great amount more than defined contribution pensions.

With a defined contribution plan, the employer is off the hook immediately after giving the employee the cash.

With defined benefit, the employer is on the hook for all adverse investment performance as well as broader economic turmoil decades into the future.