85 employees reported this benefit
American Family also invests in your future with a Cash Balance Employee Pension Plan. All American Family employees age 21 or older become participants in the plan after one year of service. After three years of service, the benefit is fully vested and available for a future payment. The cash balance pension plan is a defined-benefit plan in which each employee has an account that is credited with a specific percentage of eligible pay each year, depending on age and years of service. The account grows with interest until the employee withdraws the balance upon retirement or leaving the company after becoming vested. Best of all, it's completely company funded and requires no contributions from you.
must wait 3 years ti get it.
A 401K was offered in addition to a pension plan based on number of years with company. Unsure of how many years had to be with company before pension plan was activated.
You have to keep an eye on it.
Company matched 401k towards retirement.
They have one at least
They have a pension plan...to me that is big in and of itself.
Very fortunate to have a great benefit
They actually have a pension, that's a significant amount if you work there for a while
There is not a pension plan.
A great overall benefit to have.