Aug 22, 2020
PSEG Response
5yThank you for sharing your experience. PSEG is proud of our total rewards package that you noted, which provides for one of the most valuable, flexible and comprehensive benefits programs in our industry. We would like to clarify that the 401(k) Company Matching contribution for non-represented employees is 50% of the first 8% of eligible compensation and for represented employees it is 50% of the first 7% of eligible compensation. The Cash Balance Component of the Pension Plan and Pension Plan II provides for annual pay credits based upon age and service, as well as annual interest credits. PSEG recognizes every individual is essential to the success of this company and their experience around hiring, onboarding, training, culture and management is key – and your experience during your employment matters. If you have insight we can learn from we welcome and encourage you to contact us at https://pseg.alertline.com. Your input is valued.