Comments on: Best Employee Benefits Ever: Nustar Energy?

By: Natalie

Natalie — Sun, 30 Jan 2011 17:02:11 +0000

UPS pension used to be great, but it has gradually gone away. In the group my husband is in, he only gets about 1/2% of pay for each year worked, so even if he works for the company for 40 years (age 25-65) he will only get about 18% replacement from pension. For this benefit they reduce our match by 1%. I’d much rather have another 1% match in my 401k than the pension. Oh well.

By: Stephen Settle

Stephen Settle — Wed, 18 Nov 2009 15:07:54 +0000

This is really nice to see that they are offering such incentives. If more companies would be able to do that, it would be great.

By: Collection agencies

Collection agencies — Wed, 11 Nov 2009 14:54:23 +0000

As Aman mentioned, you need to be careful, many autoworkers have lost what they had.

By: Evgeniy

Evgeniy — Mon, 26 Oct 2009 11:23:03 +0000

My employer offers a pension. Conditions worse than Nustar Energy. I would not leave the company if they do not have a pension program.
The company can have other advantages.

By: G.E. Miller

G.E. Miller — Fri, 16 Oct 2009 02:06:40 +0000

@ Aman – Actually GM’s pension plan is extremely well funded for decades to come. Common misconception.

By: Jason

Jason — Wed, 14 Oct 2009 04:29:04 +0000

Where does the company say anything about full salary for 1.5 X years of service? That makes no sense in light of the other pension. I think if you work there 20 years you get 0.016 * 20 = 32% of your salary until you die. It’s still great benefits, but I’m just sayin’ is all…

By: Aman@BullsBattleBears

Aman@BullsBattleBears — Wed, 14 Oct 2009 01:22:36 +0000

As I can recall, auto workers had a “cushy” pension which crumbled towards the end and now is leaving so many retired workers in the dark and waiting for social assistance. Nustar might look good now, but as the company grows, I’m sure this model will have to change somehow to sustain itself if anything.

By: Craig

Craig — Fri, 09 Oct 2009 13:39:44 +0000

Almost sounds like a scam its too good to be true. Incredible that they are able to offer these incentives to their employees, too bad more companies can’t afford to do that.