150 employees reported this benefit
BP offers a Pension Scheme to eligible employees.
Not sure how they calculated. but not a lot of company give Pension anymore
Again, Fidelity manages their Pension plans
One of the few remaining O&G companies remaining with these benefits
They contribute 100% towards your retirement benefits.
Good pension. When I leave, I will take the lump sum.
That we even have one!!!
Its just great that any company has a pension plan in this era
Since we were acquired most of us were vested right away since they did pick up are years at the other company.
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