6 employees reported this benefit
State funded in Illinois, very fearful the money won’t be there when it’s needed. Generous match of 8% which you must contribute in lieu of social security. Very long vesting period.
The State Matches 100% of what the employee pays in and you're vested after 5 years.
There is is precentage of your pre-tax earrings taken for the penmsion plan. Vesting varies by selected plan. The Pension Plan selected can never be changed.