8 employees reported this benefit
Employees at least 21 years of age and with one year of service are eligible to enter the Eskaton Retirement Plan which is a defined benefit plan. Annual depost credits are made to employee accounts equaling 2.25%. This increases to 3% after 10 years of service.
* Excludes employees working in for profit management communities
First, it's all employer paid so it's free money. And the minimum account balance is $4000 once you are vested. You can also save additionally in a 403(b) to supplement the pension. It's decent - not State of CA level pension but it's not bad.
The pension program provides an opportunity for employees to invest tax-free.
Not bad for a non-profit.
Employer contribution no matter employee choice. So basically you can not sign up and still accumulate pension benefits which are only available if you leave the company