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State Farm Employee Reviews about "pension"
Updated Dec 5, 2023
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Found 16,306 of over 17K reviews
59% Recommend to a Friend
65% Approve of CEO
Found 700 of over 17K reviews
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Michael L. Tipsord
3,943 Ratings
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Top Review Highlights by Sentiment
Excerpts from user reviews, not authored by Glassdoor
Pros
- "It was good pay but I had worked there for over 20 years so I had earned to the salary." (in 861 reviews)
- "Great training and resources will be setup to do your job with confidence and continuous improvement." (in 400 reviews)
Cons
- "Some managers do the bear minimum when it comes to annual merit rating and fighting for raises." (in 257 reviews)
- "The cons of working in an agency for State Farm is that the salary is low and lots of cold calling." (in 244 reviews)
- "Factored in to whether an employee is granted time off: seniority and yearly/quarterly reviews." (in 243 reviews)
Ratings by Demographics
This rating reflects the overall rating of State Farm and is not affected by filters.
Reviews about "pension"
Return to all Reviews- 4.0Aug 5, 2023Claims ProcessorFormer Employee
Pros
State Farm was a great company to work for most of my career. Had good benefits and offered tuition reimbursement and free insurance education. Opportunities to move up or around like from auto to homeowners, claims to underwriting etc. Phenomenal people, it was like a family.
Cons
After change in CEO many things changed...I believe a pension is no longer offered. Work life balance was compromised with work overload, possible excessive overtime needed to meet deadlines and unreasonable expectations on handling time. Hopefully these things have been worked out.
1 - 4.0Aug 21, 2015Claims RepresentativeCurrent Employee, more than 1 yearOrlando, FL
Pros
Great environment, friendly coworkers. The benefits package is awesome and you also get a pension and a 401k plan. Management is understanding and caring. They are willing to work with you in order for you to get better at your job.
Cons
The company is going through some changes that are affecting it's employees. It's caused a lot of confusion and unrest at the work place. It can also be a stressful job that is very conflict centered with claimants on the phone.
- 4.0Sep 29, 2017Underwriting AssistantCurrent Employee, more than 3 yearsAtlanta, GA
Pros
The pension plan they offer is really nice and hard to find in an employer.
Cons
The pay for this carrier is below the average industry wages.
2 - 5.0Jun 11, 2014Auto UnderwriterCurrent Employee, less than 1 yearDunwoody, GA
Pros
I was hired under a year ago with no experience in Underwriting or insurance at all. I came from a retail management background and was looking for a career change. At the time, they were going through a huge hiring spree. I was ecstatic to get hired and went through 2 weeks of onboarding and 8 months in we are still getting constant training. This company invests SO much in its employees. We are basically getting paid to learn all about insurance, as most people I was hired with didn't have an insurance background either. The management, for the most part, is far. I've metsdozens upon dozens upon dozens of people who have worked for State Farm for 10, 15, 20+ years. And they all say for a boring subject such as insurance, they love their job because they love working for State Farm. Benefits are wonderful (401k match PLUS a pension if you retire with the company). State Farm is a Mutual company so we don't have shareholders to please. Just our customers. The company is investing miliions into new hubs in Atlanta, Phoenix and Texas and it's an exciting time to work for such a wonderful company. This company is #1 in the insurance world for a reason.
Cons
At times, training is a little overwhelming because there is SO much to learn, but it's basically learning insurance inside and out not only for free but getting paid to do so. The software we process cases on is very dated and glitchy.
2 - 4.0May 22, 2021Software DeveloperCurrent Employee, more than 5 yearsBloomington, IL
Pros
Before I start, the reviews for the company as a whole are really not a great indicator of the quality of the company. Not saying that it would be better or worse without those reviews though, just it would be different. This is because many State Farm agents and agent employees have given reviews, but they are NOT directly State Farm employees. Since each agent is essentially a separate business, their reviews are indicative of that agent, not the corporate company. For Bloomington they pay fairly well considering the CoL is so low (I can buy decent house for $150k). Now, here's the stuff that is dependent on what are you work in State Farm: Generally they are flexible taking time off, flexing your time etc., especially if you are salaried. You start with 21 days of PTO, but they only have the bare minimum observance of holidays (I think 7 days). So it is kind of mixed bag. For better or worse, it is pretty hard to get fired here. Which is great if you are vested in the pensionh is great if you are vested in the pensionh is great if you are vested in the pension (which anyone starting after 2020 will not have). The pension is only really worth something if you make State Farm your entire career. Inflation will eat at the vested value of the pension if you leave the company earlier. If you're reading this review and not already an employee, you will NOT be able to sign up for the pension. My team is empowered to choose the tech we want to use (most are, to some degree), which is kinda good.
Cons
Again, depending on where you are, there is a decent amount of work autonomy. However, many areas still do not understand 'product' or 'agile' development, it's really just waterfall planning using agile buzzwords. Not great. It is a boring corporate company, you're not working on anything revolutionary here. But because it is a big boring company you have high job stability, and it is fairly easy to move around in the company. As far as I'm aware (knock on wood) there have never been layoffs of software developers. There is a lot of staff augmentation (H1B guys working for contractors) for better or worse. Many stay for decades, get off the H1B visa, then 'badge flip' to become an internal employee. There is some weirdness with the 'hiring' process for staff augmentation, most managers do not have a chance to talk to the person until they are on the team. This is the reason I put this under 'con'.
2 - 1.0Jan 6, 2019Anonymous EmployeeCurrent Employee, more than 10 years
Pros
No pros that I can think of in the current environment.
Cons
I would avoid any long term commitment with this company. No match with 401 K and a pension you won't ever get to use. 1000's of people laid off. I am amazed the rating is so high now on here. Only a month ago it was 2.4 and 2.6 so I assume a lot of fake reviews here or they hired a web company to clean up the score. Move on to another company.
10 - 4.0Feb 12, 2019Ad Services - Operations SpecialistFormer Employee, more than 10 years
Pros
The benefits are good to include Healthcare, Vision, and 401K. They still have a pension program which is very hard to find in a company anymore! The work atmosphere is overall good depending on the area/department you work in. The overall work environment is friendly and a great place to work.
Cons
Employees that work hard are not rewarded fairly due to the pay structure. Usually in the employee that just comes to work to get by is rewarded the same in compensation as the employee that excels! Sad but true! The company has been going thru a major restructure to survive in the insurance world! They have had to make quick and drastic changes that have and have not worked affecting the lives of their employees.
3 - 3.0Feb 22, 2022Claims AssociateCurrent Employee, more than 10 yearsBloomington, IL
Pros
The company has good benefits but if you are just getting hired you won’t have a pension. It’s all 401k investment.
Cons
Mico-management of employees is ridiculous. You have very bad managers who don’t understand what employees jobs are or the function. Most TM’s have no interpersonal communication skills or empathy. Most departments you can’t get time off when you need it.
4 - 4.0Jun 17, 2018Software DeveloperFormer EmployeeAtlanta, GA
Pros
Very nice and laidback environment. The time is flexible depends on what manager you are reporting to. The work/life balance is outstanding. The benefit is very good and one of the few places who still offer pension plan.
Cons
The work is very laidback and not much to learn. The technology they use is still quite behind other technology company. If you are looking to retire, it is a good company, however, if you are a young engineers who are looking to learn and grow your career path, this is not for you.
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