People who are counting on a pension to finance their golden years are rarer than ever. The reality is that most employers ditch pension plans in favor of defined contribution benefit plans for their employees because they’re more cost-effective, according to Forbes. Even though this type of retirement plan is not nearly as popular as it once was, companies that still offer pensions do exist — if you know where to look.
Click through to learn how to make your retirement planning easier by getting a pension.
What Is a Pension?
Traditional pensions — also referred to as defined benefit plans — pay fixed amounts, usually monthly, to retirees based on a formula determined by salary, years of service and age. A pension can be appealing to people who want to be able to plan on a guaranteed amount of income each month after they retire.
Here are 10 industries in which employers might still offer jobs with pensions to full-time employees: