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There are not many companies offering pension plans today. VinSolution does.
You dont pay a dollar into the pension plan and you are eligible to receive lifetime payouts after 5 years of employment.
they actually have a pension plan and 401K matching as well
After 5 years of employment, you are vested in the Pension Plan.
This is a company-funded pension plan that is shaping up to be a fantastic benefit in the long-term. It's a real peace of mind to know that if I stay with this company, that upon my retirement I'll be receiving ~70-80% of my average salary.
I'm not sure about the pension plan since i havn't yet put in my 5 years with the company. I have heard its great from others that have.
It's great that they offer one to their employees as that is a rare thing to come by these days in general let alone for a tech company.
5 year vesting is not uncommon though the benefit itself is. Kudos to Cox for offering it still to all employees and its subsidiary companies!
The fact that it actually exists and is 100% funded is pretty awesome, these days.