227 employees reported this benefit
Employees who work at least 20 hours per week and have one year of continuous employment are eligible to participate in the pension plan, which is 100 percent funded by Travelers. The pension formula provides annual pay credits of 2 to 6 percent, based on age and years of service. The pension plan also provides quarterly interest credits. The vesting period is three years of service.
Plan offers many options for investing
You are fully vested after 3 years of employment
Pension was a great benefit that is not seen much anymore
This could be better considering company profit.
Great pension plan in place
Pension funds are diminishing in this day and age, the pension system is pretty standard but will be minimal part of retirement.
nothing was portable and little information was known or shared when you asked HR.
It's sizeable if you put in the time.
It is paid by the company but monthly payments to retirees is minimal
No employee contribution required to participate