Phil's Personal Finance Tip of the Day:
Top Jobs With Best Retirement Benefits
By Farnoosh Torabi | Yahoo! Finance – 23 hours ago
When it comes to retirement benefits, some jobs go above and beyond. From early retirement to tenure to a full pension, here are some of the country’s top jobs with the best retirement perks.
Utility Companies
Heavily unionized utility companies offer the highest retirement benefits of any industry, according to the Bureau of Labor Statistics. The unions negotiate and fight for traditional pensions and strong benefits for members. Employees working in areas such as nuclear power, electricity, water, sewage treatment or renewable energy can earn as much as $6.56 per hour toward retirement.
University Posts
Teaching at colleges and universities can provide pleasant working conditions, along with the possibility for tenure in just a few years. Last year, AARP cited Cornell University, West Virginia University and the Massachusetts Institute of Technology among their best employers for workers over 50. But you don’t necessarily need to be a professor to enjoy the same generous health and retirement benefits. Many higher education institutions extend these resources to staff at all levels, including aides and secretaries.
“A lot of what we see in terms of our applicants for best employers program are companies that actually do this for business reasons,” says Jean Setzfand, vice president for financial security at AARP. “There are skill sets that actually really value in experienced workers, so they want to keep and retain them for a long period of time.”
Utility Companies
Heavily unionized utility companies offer the highest retirement benefits of any industry, according to the Bureau of Labor Statistics. The unions negotiate and fight for traditional pensions and strong benefits for members. Employees working in areas such as nuclear power, electricity, water, sewage treatment or renewable energy can earn as much as $6.56 per hour toward retirement.
University Posts
Teaching at colleges and universities can provide pleasant working conditions, along with the possibility for tenure in just a few years. Last year, AARP cited Cornell University, West Virginia University and the Massachusetts Institute of Technology among their best employers for workers over 50. But you don’t necessarily need to be a professor to enjoy the same generous health and retirement benefits. Many higher education institutions extend these resources to staff at all levels, including aides and secretaries.
“A lot of what we see in terms of our applicants for best employers program are companies that actually do this for business reasons,” says Jean Setzfand, vice president for financial security at AARP. “There are skill sets that actually really value in experienced workers, so they want to keep and retain them for a long period of time.”
Aircraft Manufacturing
Another industry offering generous retirement benefits is aircraft manufacturing. Engineers, inspectors, testers, production managers and administrators receive retirement contributions of $2.87 per hour, considerably above the average.
To read the entire article from Farnoosh Torabi | Yahoo! Finance:
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