Utilities

Utility companies offer pension coverage to 71% of their employees, as BLS data has shown. Some of these utility companies decided to close the pension plan to recent hires, but they keep on providing pension benefits to existing workers.

“Utilities are usually heavily unionized, and generally prefer to keep their whole retirement structure as consistent as possible, especially between their union and nonunion workforces.” as Willis Towers Watson reported.”Even more, lots of jobs at utility companies are extremely physically demanding, and the defined benefit plans might bring retirement to a more appropriate time.”

Well, who would’ve guessed that utility companies would be on this list?