US Department of Veterans Affairs Employee Benefit: Pension Plan | Glassdoor

US Department of Veterans Affairs Pension Plan

345 employees reported this benefit

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 40
  • Jun 15, 2017
    StarStarStarStarStar Current First Party Contact Representative in Topeka, Kansas

    FERS takes too much out and they make it required at that.

  • May 27, 2017
    StarStarStarStarStar Former Employee in Tucson, Arizona

    New employees pay 2.8% of salary into fixed benefit plan. The VA matches 11.2%, but the pension is based on 1% of average of highest 36 months yearly salary times numbers of years employed. There is also a TSP plan (401K variation) the matches input up to 5%.

  • May 06, 2017
    StarStarStarStarStar Former Medical Social Worker in Martinez, California

    Overall a very good plan . They have Fers Federal Employee's Retirement System , Social Security and TSP Thrift Savings Plan which is like a 401 K. Nothing bad to say about it compared to the private sector plans.

  • Dec 26, 2016
    StarStarStarStarStar Current Supervisor in San Antonio, Texas

    You can set how much you want to pay into it and the VA will match the first 3 or 5%.

  • Nov 10, 2016
    StarStarStarStarStar Current RN in Tucson, Arizona

    If this lasts, it will be a nice pension plan.

  • Oct 26, 2016
    StarStarStarStarStar Former Staff Pharmacist in Albany, New York State

    Pension is basically an annuity starting with your employment, but not from your wages (1% theirs), unless you consider their below average wage scale. Can be good if you stay with them for a long time. It's what hey're looking for.

  • Oct 04, 2016
    StarStarStarStarStar Current Staff RN in Cleveland, Ohio

    10% of average highest 3 years x the number of years you work there. So 30 years 30%. Pluse SS and 401. Pretty sweet

  • Oct 03, 2016
    StarStarStarStarStar Current nursing assistant in Hampton, Virginia

    they match evry thing you put in

  • Sep 28, 2016
    StarStarStarStarStar Current Employee in Minneapolis, Minnesota

    Best thing is that it is a defined benefits pension with COLA when retired.

  • Sep 18, 2016
    StarStarStarStarStar Current Employee in Livermore, California

    If you put in 20 years then you'll be qualified for the pension plan which is great.

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