5 Jobs That Still Pay Traditional Pensions

This article will look at 5 jobs that still offer traditional pensions. We have also covered a detailed analysis of the changing landscape of pensions in the US along with industries and companies that offer pensions as part of their compensation package. If you are interested in reading about that, head straight to 15 Jobs That Still Offer Traditional Pensions.

5. Construction Worker

According to US News, construction workers earn a median annual salary of $37,520, with the potential for higher pay through specialization and additional training. While formal education requirements are minimal, certain roles like carpenters or equipment operators offer higher average salaries.

Around 27% of construction workers have access to traditional pension plans, particularly in unionized private sectors jobs like trucking, hotels, construction, groceries, and nursing. Union membership often provides defined benefit plans, according to Laura D. Quinby, a senior research economist at the Center for Retirement Research at Boston College.