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The pension is a hybrid pension and 401K. There is a mandatory 1% pension per year and then a variable 401K plan which is dependent on the market.
Comparatively to the industry (specifically state employees) it is quite low coupled with an already meager base salary and overtime does not count towards retirement calculations
Your vested after 10 years of full time employment
Contribution rate for new employees now exceeds a reasonable return. Those with 4 or more years in have a better deal on the pension.
