Big 4 firms (Deloitte, EY, KPMG, and PwC) typically do not offer traditional pensions for partners, as many have transitioned to defined contribution plans or other retirement saving options.
Here’s a quick rundown of what partners often receive instead:
Profit shares — Partners usually earn substantial income from a share of the firm's profits.
Retirement plans — They may have access to retirement savings plans like 401(k)s or similar, which allow them to contribute a portion of their earnings.
Deferred compensation — Some firms offer deferred compensation arrangements, allowing partners to set aside a portion of their income for future payouts.
It's worth noting that the specifics can vary by firm and location, so for the most accurate information, it would be beneficial to check the policies of the specific Big 4 firm you're interested in.
If you want more detailed insights about a particular firm, just let me know!