Question for current salaried cast member

[wizards8507]

I haven't started with Disney yet, but I was going over their benefits information and came across an interesting tidbit. Am I reading correctly that Disney offers a pension in addition to a 401(k)? This is practically unheard of, and I'm just wondering if I'm reading it wrong.

 

[lilclerk]

I work for a large company as well in a salaried position (I'd rather not post where I work) but I get both as well.

 

[ImaYoyo]

yes, that's correct. Pension plan (I forget how long it is to become fully vested, but I think it's 5 years), AND 401k with 75% match up to 4% or 6% depending on what division you're in.

 

[Lucky]

This must be fairly common. My employer has a relatively small defined benefit component in addition to the 401k.

Any employee who started work here before 1998 has only the defined benefit component (traditional pension), but it's substantially larger for them than for us newbies.

 

[Pioneer Hall]

I work for a large company as well in a salaried position (I'd rather not post where I work) but I get both as well.

Same here...salaried at one of the major banks and I get money in a retirement plan as well as a match to a certain amount in my 401k. I believe that this is somewhat common for larger public corporations.