Southern Company Employee Benefit: Pension Plan | Glassdoor

Southern Company Pension Plan

57 employees reported this benefit

3.7
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 10
  • Dec 20, 2017
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    They have a pension plan

  • Nov 25, 2017
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    5.5% of salary and bonus put onto an account that the employee does not contribute.

  • Oct 01, 2017
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    This is a deferred benefit. I would prefer higher base pay than pension.

  • Feb 24, 2017
    StarStarStarStarStar Former Employee in Port Birmingham, Alabama

    It would be better if the plan were based on years of service and not age. Age takes away the company incentive to hire older employees.

  • Aug 04, 2016
    StarStarStarStarStar Former Engineer in Birmingham, Alabama

    The fact they still offer a pension is great. It is calculated so that if it is combined with your 401k your retirement will be funded.

  • May 10, 2016
    StarStarStarStarStar Current Accountant in Atlanta, Georgia

    one of the few that still does this

  • Dec 04, 2015
    StarStarStarStarStar Current Intern in Birmingham, Alabama

    Southern Company is one of the only companies that has a pension and 401K benefit plan.

  • Oct 02, 2015
    StarStarStarStarStar Current Technical Consultant in Atlanta, Georgia

    They still have one with multiple formulas based on years of service. Requires 5 years to vest.

  • Aug 27, 2015
    StarStarStarStarStar Current Technical Consultant in Atlanta, Georgia

    Needs 5 years for vesting

  • Dec 11, 2014
    StarStarStarStarStar Current Employee in Birmingham, Alabama

    Excellent Pension plan and a 401k with matching up to 6%

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