[slowhandluke]

No, I don't think it's a savings account. It's a pension, as the plan is to convert it to an annuity when you retire.

Once retired, you won't be able to pass this on to your kids and grandkids once you retire, as you can with a savings account.

[Iron Munro]

Once retired, you won't be able to pass this on to your kids and grandkids, as you can with a savings account.

Good point.

Another factor in favor of a plain old savings account.