41 employees reported this benefit
Just so rare these days that any free money your can get from your company is a great benefit
Just having one these days is a bonus.
Perhaps a benefit for those that have been there for 20 years, I anticipate that it will become insolvent in the future.
They still have a pension plan!
Company still has pension plan but will need to determine next steps
Lots of loopholes to avoid paying a pension to their former employees this is likely a benefit that will evaporate soon.
given benefit. Cash balance plan with flexibility when you terminate.
Could have been more generous since they are in the the business of pension plans
Fully funded pension, 3 yr vesting
The cash balance pension is a good supplement to the 401(k) benefit since it provides a different retirement asset for the employees. As a large provider, it makes sense that employees would have access to it.