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100% employer paid. 1.5 x salary
Again, I was very attracted to the company because of what I heard about the pension plan but I was never hired by the company as a regular employee
There wasn't any benefit pension plan.
Takes too long to vest.
The match is good and you can collect at 65 and continue to work....
Qualify for retirement benefit after 5 years of employment
Good, because very few companies have one
Vested after 5 years of service.
It is rare for companies to offer a pension plan, so this is a great benefit. However, the plan benefits are not as good as they used to be for employees hired more than 5 years ago.
My 4 star review is based on the older pension plan. The current plan offers about half the benefits versus employees who came to AARP prior to 2005.