If you want a pension, select the correct occupation.  Big corporations, government, be a manager, and joining a union are all ways to get a pension

If you want a pension, select the correct occupation. Big corporations, government, be a manager, and joining a union are all ways to get a pension

Life is unfair.  Unfortunately, most companies are too!  More and more corporations are freezing their pensions because of financial problems, to the dismay of their long-working workers.

While most industries do not provide pensions anymore, it does not mean that you have to retire poor!  You can still take hold of great retirement plans offered by several industries simply by following these tips:

Work for a big company

A large company has more resources and funds that is why they are able to give attraction pension programs to their employees.  According to the Bureau of Labor Statistics (BLS), 86% companies with more than 500 employees are able to offer retirement plans because of their economy of scale.  79% of companies with 100-499 employees also offer pension plans.  Unfortunately, only 46% of companies with 100 or less workers are able to provide retirement accounts for their employees.

Choose a high-income job

Fact: those who receive high incomes are most likely to receive pension offers. According to studies, 85% high-salaried workers receive lucrative pension or 401(k) offers from their employers.  Sometimes you need to make the trade-offs to receive higher pay for less time in other pursuits.  If you want a pension in retirement, you may need to put in the work.

Be a full-time employee

Management tends to get better benefits than line staff when it comes to pensions.  Additionally, almost all pensions go to full-time employees.

Management tends to get better benefits than line staff when it comes to pensions. Additionally, almost all pensions go to full-time employees.

If you can, work full-time for a company that offers pensions. “Tenured” employees are two times most likely to get a good retirement plan, especially if they are employed by the government.  Private employees – 74% of them – are offered pension plans too.  Unfortunately only 38% of part-time workers are deemed eligible for retirement plans.

Be a manager

According to the BLS, 79% of the industry’s top-seeded executives receive attractive benefits when they retire.  The high rate can be attributed to the companies’ desire to get the ‘best’ managers to oversee their operations and day-to-day activities.  Aim high, work hard and study well in order to get a hefty plan for your future.

Join the union

Joining a public or private union is a good way to get a pension.  Many unijons continue to fight hard to retain pension benefits.

Joining a public or private union is a good way to get a pension. Many unions continue to fight hard to retain pension benefits.

If you do not fit all of the aforementioned criteria, then the best way for you to get a retirement pension is to join a labor union.  These associations usually negotiate with the employers to get the best deals for their union members. According to research, 92% of union members are granted retirement plans, a 30% difference to just 62% of non-union workers who were eligible for pension accounts.

While pensions are certainly not a dime a dozen, there are still ways for you to get a comfy plan for your retirement with one.  Just make sure to accomplish these tips and you will most likely enjoy a great source of income as you age.

What other industries do you work in where pensions are still available?  Are you a teacher or other member of the government?  Are you planning on telling your children to focus on educating themselves in a manner that leads to careers in the above areas?  Let us know in the comments.  And please share this article!