120 employees reported this benefit
ExxonMobil offers a pension plan to eligible employees.
very good for okay plan
One of the few companies that still offer a pension.
Great, usually around half of ending salary or lump sum.
I haven't had to use the pension plan but most companies don't have one and ExxonMobil does
You can't retire early (earlier than 55 years old) and earn your pension even if you have had the required years of service (15 years).
Full pension kicks in at about 55 and 15 years of service.
Vested after 5 years of employment
Pension plan great. One of few companies that still offer it.
It still exists, which is great-- it's very modest, and you are only vested after 5 years.
The fact that it is offered on top of the 401k match is great. Although tech & investment banking companies offer incredibly competitive salaries and benefits, the work/life balance is arguably much better at XOM.