Pension Plan

The Acme Pension Plan is a valuable benefit that can help you enjoy a more financially secure retirement. Best of all, it’s entirely company paid. The plan is a defined benefit plan fully funded by Acme — you don’t make any contributions.

Key advantages at a glance

Automatic enrollment.

You're automatically enrolled in the pension plan upon eligibility.

No contributions required by you.

All pension contributions are made by Acme.

Choice of benefit payment options.

You can choose the option that best matches your retirement income needs.

Eligibility and vesting

You become eligible to participate in the plan after completing one year of service and you are at least age 21. After five years of service — or you reach age 65 while actively employed — you become fully vested in your pension benefit. This means you have a permanent right to receive your pension benefit when your employment ends.

How your benefit is determined

Acme contributes between 3% and 4% of your eligible pay, based on your age and years of service. Your pension benefit grows over time, based on the opening balance multiplied by a period interest rate.