129 employees reported this benefit
Toyota provides a pension plan.
This information about the Pension Plan benefit at Toyota North America is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Toyota North America. The description here may not reflect the current Toyota North America Pension Plan benefit.
One of the few companies that still offered a pension plan when I was hired. No longer available to new employees.
3% Match and vested after 4 years
Weak, very tiny amount they rely on USA to take care if an aged retired workforce. So nice of the Japanese.
Toyota is one of the few companies that still offer a pension plan.
Up to 50% of final salary less 2% of social security.
They don't go above and beyond at all. it's just ok
Good pension plan you do have to work 3 yrs for full vestment.
When they still offered a pension it was great and funded very nicely. Unfortunately starting in 2015 new hires will not be eligible to get it.
Current employees have been assured by company that they are vested in the pension plan and that will not change when corporate HQ moves to Plano, TX. Beginning January 1, 2015, new hires will not be included in the pension plan, but will be offered a modified 401k plan instead. I'll keep my pension.
It's a good thing for the current employees but once they relocate to TX this will probably change.