So I have a pension which is due to pay out a certain fraction of salary at retirement based on number of years' service; i.e. for every year worked there, you get 1/60th of your final salary.

I'm interested to know how people recommend tracking this in KMM.

At the moment I have it simply as an Asset account, because the money can be withdrawn and/or transferred for the 1st 2 years. This isn't 100% satisfactory though, because after those 2 years the cash value no longer exists and all that matters to the value of the asset is the number of years of pay-in.

Having looked at the "Investment" type of account, that doesn't look right because it's based on shares and that's not relevant to this (sadly now almost extinct) type of pension.

It almost seems to me to require a new type of account, where the asset value isn't counted as cash, but as = (time * fraction * amount) and which doesn't vary with time, except to increase. (This would be similar to working out the number of years of UK National Insurance contributions, which also has an effect on certain financial entitlements)

Any thoughts from others? Internationally this might be a complex area but with the framework above it could be general enough to be of use? Or not?

It could be interesting if people from other countries could chime in, and then we could get a general schema to fit most cases.
In Argentina it is a bit similar:
If you have worked over 30 years, you get X% of your final salary, plus y% of your final salary for every additional salary. X and Y vary per profession, basically depending on the arrangement made by the union you belong to.

This is an old topic but I've been meaning to follow up on it for some time - pensions are the only aspect of my personal finances that KMyMoney does not accommodate.

In the UK there are basically 2 types of pension which you can contribute to (I've probably over-simplified but I'm no expert):

- Final Salary
The amount you get is based on your salary and the number of years you have contributed. These schemes are not as popular as they used to be.

- Personal Pension or Stakeholder Schemes
You make monthly contributions into a pension scheme (or pay a lump sum), these are invested into a fund on your behalf, the amount you get on retirement depends on how well the money was invested.