Can anyone provide info on Deloitte’s pension plan? Received an offer and HR hasn’t done a great job of explaining. Does Deloitte contribute anything to the pension plan when it opens or contribute/match monthly? Also is this a stock or does it just grow annually?

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Been with Deloitte 6 years, and love it! D1 got it right... Here are a few more details

- you do not pay into the pension... It is solely funded by the firm
- if your balance is over $30k you don't take it with you... They pay it as an annuity when you reach retirement age
- the initial funding is about $5k after you've completed a year
- each year it grows by 3-4% interest on the balance
- they also add to your balance each year using a formula to determine what percent times your base pay to add (but it doesn't get taken out of your check); basically your age plus number of years at the firm divided by 10 (i.e. I am 41 with 6 years at deloitte is 4.7%). So 4.7% times my base pay is the amount deloitte credits to my pension balance... Give or take. I simplified it a little.

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DM easier...

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Hey , I can help. Deloitte has a pension plan in which the firm invests on a regular basis. I am not sure about the amount they add and what period but after spending 3 years at Deloitte I have $10k in my pension plan. The vesting period for the plan is 3 years. For example you spent 2.5 yrs and you leave Deloitte and your pension plan has 7.5 k you get 0. If you complete 3 yrs and leave then you get a physical letter from the pension team asking where and how you’d like the payment. Hope this helps!

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**You get the physical mail within 10 business days

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Interested as well. Following.

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Also they fund it 100% and factors that feed into are your age and your position with in the firm. For me it makes up what that lack in funding the 401k

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I wouldn’t go into thinking of it as a huge perk - just imagine it as some free money on the side that won’t really ever amount to anything meaningful.

You will be forced before vesting. Don’t fact in pension in your decision.

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