City of Philadelphia Employee Benefit: Pension Plan | Glassdoor

City of Philadelphia Pension Plan

42 employees reported this benefit

4.1
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 18
  • Jun 25, 2019
    StarStarStarStarStar Current Employee in Philadelphia, Pennsylvania

    There are various plans to select.

  • May 13, 2019
    StarStarStarStarStar Former Water Revenue Vlerk in Phila, Pennsylvania

    10 years to get healthcare for life!

  • Apr 19, 2019
    StarStarStarStarStar Former Employee in Philadelphia, Pennsylvania

    Great and fair pension plan.

  • Mar 24, 2019
    StarStarStarStarStar Former Police Lieutenant in Phila, Pennsylvania

    After 30 years of service police and fire departments should receive life time medical benefits

  • Sep 16, 2018
    StarStarStarStarStarEmployee

    You'd be hard pressed to find a retirement benefit this good anywhere else. It only takes a little over 4% out of your paycheck, and offers a huge benefit. Yes, it takes 10 years to vest, but after that the city will pay you 22.5% of your salary from retirement age to the grave. Add 2% onto that for each additional year. So, at 28-years-old if I work for the city until I retire (let's say 68) I'm taking home 82.5% of my old annual salary, social security checks, and whatever money I have in my own retirement account! I guarantee you most of my peers won't be sitting so pretty.

  • May 30, 2018
    StarStarStarStarStar Current Graduate Mechanical Engineer in Philadelphia, Pennsylvania

    very good pension, but we have to work here about 30 year to get 80 % of salary

  • Oct 16, 2017
    StarStarStarStarStar Former Firefighter in Philadelphia, Pennsylvania

    firefighters have one of the worst pensions in the country in this city, as long as firefighters go

  • Feb 12, 2017
    StarStarStarStarStar Current Project Coordinator in Phila, Pennsylvania

    Plan keep updating. Requires long term vesting to be of significant benefit.

  • Dec 01, 2016
    StarStarStarStarStar Current Trainee in Phila, Pennsylvania

    Pension plan is not optional. However, different plan options are offered. Must be vested with city for 10 years before you can touch your fund.

  • Oct 12, 2016
    StarStarStarStarStar Current Employee in Philadelphia, Pennsylvania

    That there is a pension plan!


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