141 employees reported this benefit
Great pension plan! Wow. I can't believe it still exists.
Great if you joined in time for the pension, but new employees are not eligible.
The Retirement Plan is very generous.
The retirement plan is a standard 401K but they do offer a pension plan depending on when you joined.
They have a cash balance plan. They use to have the pension but took it away.
Used to offer pension; now only 401k to new employees
After thirty years I will get about 4500 per month minus about 1000 for health care; this is a fixed amount without cost of living adjustments from then on
5 years to vest in the old pensions. The new cashout pension plan is ok.
for those who want to stay at PG&E for long time, the retirement plan is a major benefit. There are two plans: one the best after three years and is portable (you can take it when you leave). The other is more generous, but only vests after five years, and you can't roll it into other retirement savings accounts if you do leave.
retirement plan changed for in-coming people. It is now a 401k with matching.