5 Jobs That Still Pay Traditional Pensions

4. Correctional Officer

One of the most honorable and fairly compensated jobs with good retirement benefits is that of the correctional officers in the US who often receive traditional pensions. As public sector employees, many correctional officers are eligible for defined benefit pension plans. These plans provide a guaranteed retirement income based on factors like years of service and salary. Traditional pensions serve as a valuable incentive to attract and retain qualified correctional officers while offering long-term financial security.

In Michigan, a bill has been introduced by state representative, Kathy Schmaltz to exempt pensions of Michigan Department of Corrections retirees from state income tax. This proposed legislation acknowledges the demanding nature of correctional officers’ work and aims to show appreciation for their dedication and commitment to public safety.