148 employees reported this benefit
Less than 2 years is 0% vested, 2 years is 25% vested and 3 years is 100% vested
If you work for the company I think about 20 years, you can walk out with a good payment.
Company provides 7% of pension contribution to employee. Employee pays nothing.
7% of your annual salary
Pension (money) accumulates in the background as you put in work for your hourly or salary.
7% of annual salary for free
The best thing about their pension plan is that they have one.
One of few companies still around that offer a pension plan to new hires.
Pension plan is still offered, unlike most companies in this industry. They also have a 401k match, which combined with the Pension plan, is a great retirement plan is utilized correctly.
7% of annual salary contributed. Remains to be seen, however, how solvent pension plans in general will be by retirement age. Earnings are just fair. If you leave the company, the amount earned is paid out (less taxes).