40 employees reported this benefit
They still have a nominal pension program.
This is nice cuz most companies have done away with it . But this is how they try to hook you into less money cuz they tell you there is a pension plan still
Pension plans are rare now for companies to have. Flowserve Pension plan is about average and cumulatively increases with age + experience.
Flowserve pension plan being rare for today's corporations equaled an extra benefit that grew extremely slowly due to the investment format of the plan. The estimated benefit for this plan reflected a slow and low growth fund that way under performed most investment vehicles available to corporations.
The Flowserve pension plan is pretty good considering that many companies no longer offer this type of benefit
Pension plan is through 401(k)
Do not have a pension plan available to compare it to
These are generally no longer offered
Best part is that the company does offer a Pension plan
3 years for full vested interest.