48 employees reported this benefit
20 years and 50% pay.
Pension is automatic taken out
I mean, you'll get a pension
With NYCERS can get locked in health care benefits along with pension after working 10 years
10 Years payment, after that there is no dues payment. I had 57 years and 5 year experience plan and mine is vested already.
I started 10 years ago, but each year, the pension plans become less and less positive.
Having to pay into it yourself--no matching or contribution from the employer--having to pay into the pension for five years before it vests; having to pay into the pension for ten years in order for it to fully vest to the point where you would someday received a full pension; the crazy high taxes applied to the pension funds if you decide to take your money out before the five or ten year vesting period.
I don't quite remember, I think it was a matched IRA or something similar, I wasn't there long enough to have a clear understanding.
Excellent penison plan, cannot complain. They match what you put