Retirement plan- employer share? (pension, years, salary, 401k)

[tom1944]

What percentage of your salary does your employer contribute to your retirement plan, if any?

[beer belly]

My employer contributes zero.....but do have a Pension that pays 2% per year served of highest years earning....base pay though, no O/T......maxes out at 30 years of service

[Wanderer0101]

6% plus they match 100% up to 4% of your own contribution and 50% of the next 4% you contribute. So if you get it all, it amounts to 12%.

[flyonpa]

401K or Pension?

My 401K they match 3% for my 6% (New hires 1% + 3% of 6% No Pension)

Pension is non/contributory 1.45% per year of my salary to a Max of 66% Salary.
(highest 12 consecutive months out of last 60 months)

[Garthur]

401K 50% of the first 6%.

Pension, 100% company contributions, nothing from me.

[tom1944]

If you have a pension your employer does contribute to your retirement. Do you know what the funding formula is?

[tom1944]

beer belly I was doing some calculations and that pension you get most likely costs your employer about 15% of your pay each year for 30 years.

[tom1944]

flyonpa that pension needs about 10% of your salary contributed each year to fund.

[ReachTheBeach]

401k match is 50% of first 6%
No pension

[texdav]

Mine pays nothing but interest earned in system until you retire; then they double what is in your account. They also pay COL. It changed in the 80's and has worked well for both.