Union Pacific invests in our employees' futures through financial security benefits, such as our Union Pacific Pension Plan, Railroad Retirement and 401(k) plans.
Union Pacific Pension Plan
This pension is available only to our non-union employees. Funds are deposited into a trust where they are held solely for the benefit of the employee and his or her beneficiaries. The Pension is fully paid by the company, and your benefits start to accrue on the day you are hired. You will be vested after five years. The amount of your annual benefit will be based on your years of service, your final average earnings and your age at retirement. You can use an online tool to keep track of and make plans based on your Pension.
The Railroad Retirement Board administers retirement/survivor and unemployment/sickness insurance benefits for railroad workers and their families. This is a governmental system that requires payroll tax deductions, with contributions from both the company and the employee. Non-union participants receive Railroad Retirement benefits in addition to the Union Pacific Pension Plan.
401(k) Thrift Plan
The 401(k) is a flexible and convenient way to save for your retirement. It offers a variety of investment options, with up to 25 funds to choose from. Union employees are eligible to participate after one year of service. For employees that are eligible for a company match, the company will match your 401(k) contributions – 50 cents for every dollar invested, up to 6 percent of your salary.
The information on this Web site is subject to change at the sole discretion of Union Pacific and its subsidiaries. Not all Union Pacific Corporation or Union Pacific Railroad benefit programs are available to employees of subsidiaries.