American Family Insurance Employee Benefit: Pension Plan | Glassdoor

American Family Insurance Pension Plan

Updated Mar 29, 2016

71 employees reported this benefit


Employer Summary

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.

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Employee Comments

Showing 1–9 of 9
  • Feb 06, 2017
    StarStarStarStarStar Former Employee in Eden Prairie, Minnesota

    Company matched 401k towards retirement.

  • Dec 04, 2016
    StarStarStarStarStar Former Sr property desk adjuster in Parker, Colorado

    They have one at least

  • Sep 20, 2016
    StarStarStarStarStar Current Employee in Madison, Wisconsin

    They have a pension me that is big in and of itself.

  • Aug 24, 2016
    StarStarStarStarStar Former Call Center manager in Madison, Wisconsin

    Very fortunate to have a great benefit

  • Mar 15, 2016
    StarStarStarStarStar Current Employee in Madison, Wisconsin

    They actually have a pension, that's a significant amount if you work there for a while

  • Sep 20, 2015
    StarStarStarStarStar Current Customer Service Representative/Sales in Salt Lake City, Utah

    There is not a pension plan.

  • Jul 13, 2015
    StarStarStarStarStar Current Employee in Pewaukee, Wisconsin

    A great overall benefit to have.

  • Dec 28, 2014
    StarStarStarStarStar Former Casualty Claims Adjuster in Madison, Wisconsin

    I did not work there long enough to receive any pension benefits as you need 5 years to be fully vested.

  • Aug 22, 2014
    StarStarStarStarStar Current Employee in Madison, Wisconsin

    Pension plan - actually funded. No indications that it will go away.

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