86 employees reported this benefit
BP offers a Pension Scheme to eligible employees.
This information about the Pension Plan benefit at BP is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of BP. The description here may not reflect the current BP Pension Plan benefit.
BP's retirement "scheme" (as the Brits call these things) is great: Not only does it offer a good, modern-day pension plan (with no employee contribution and outstanding appreciation), it offers a standard 401K plan that involves a company match. Few companies outside of the energy and pharmaceutical industries offer pensions AND 401K plans. Good to know some companies still feel a sense of obligation to their employees!
Not much different than other majors
For my level I was impressed with the plan.
Worst part is 3 year vesting.
legacy heritage plans superior to current cash balance pension, but still industry leader
Amazing to have a pension plan
The plan does its job.
Nice package 100% company match
it is just a 401k with matching
Nothing bad at all considering that many companies no longer even offer a pension plan.