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What are some companies that offer good pensions?

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Quick Answer

Companies that, as of 2015, still offer pension to employees include Perkins Coie, Atlantic Health System and NuStar. In general, large insurance and utility companies continue to offer pensions, while construction, tourism and aerospace companies only offer defined contributions plans, including a 401(k).

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Full Answer

Seattle-based law firm Perkins Coie offers its employees a retirement contribution of 7.3 percent of pay in addition to almost 6 percent of any pay above the Social Security wage base. The company also matches half of the first 6 percent of pay workers invest into their worker retirement plans. Current, full-time employees receive medical and dental insurance with Perkins Coie paying monthly premiums in full.

Atlantic Health Systems, a private, not-for-profit healthcare company that operates hospitals and health care facilities in New Jersey from its headquarters in Morristown, New Jersey, not only offers a pension, it provides counseling through retired Atlantic Health employees to help prospective retirees plan their financials.

San Antonio, Texas-based liquids terminal and pipeline operator NuStar gives employees both a pension program and a 401(k). The company also offers an annual bonus plan to all employees. The bonus plan is equal among all employees, meaning that if the general NuStar workforce does not receive a bonus during a given year, the CEO doesn't get a bonus either.

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