483 employees reported this benefit
State Farm offers a defined benefit pension plan to eligible employees.
This information about the Retirement Plan benefit at State Farm is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of State Farm. The description here may not reflect the current State Farm Retirement Plan benefit.
There was really no retirement plan at this private office, state farm corporate i imagine has one though
What’s not to love about a fully funded pension plan. You’re vested after five years and you can retire as early as 55
Still has pension plan funded by company only
The Retirement plan is very good.
They have a great pension plan
Good if you want to stay 25 years. The pension is terrible otherwise....please provide a better 401K match for people not wanting to throw their life away at the company
Currently very good, everything is changing though
I am grateful that my company even has a retirement plan/pension, when most companies no longer offer that benefit. I feel we are financially stable and that the pension is something I can depend on. I would like my plan to actually have a larger amount than it will pay me in my retirement years. Not sure how in the world I'm going to live on a $1500/month pension (I am a 20+ year employee, too).
Company has 401k match once a year
After 5 years you're full vested.