261 employees reported this benefit
A pension plan is available to eligible New York Life employees.
This information about the Pension Plan benefit at New York Life is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of New York Life. The description here may not reflect the current New York Life Pension Plan benefit.
No 401k Matching . Only terinsurance. .
Used to be better. Now a lump sum option paid as an annuity upon hitting retirement age.
Pension Plan no longer exists for employees who joined the company after 1995,
Who has pensions these days? Career agents can find a nice income stream if you sell to your contract.
Not many companies offer a pension plan. This is a bonus.
After 20 years of work you'll achieve a pension plan
It is a good pension plan only because they offer one.
available after 20 years of employment
I suppose it is a good thing. Must be with New York Life for 5 years to be eligible, which eliminates probably 90% of people who try working as an agent.
5% pension that fully vests in 3 years. It was the best and only pension I've seen from a private company.