Pros
The evironment is friendly and everyone pretty much knows your name after the first week. They are flexible with work hours and they allow you to take time off if necessary without much trouble. Benefits are average for a university but they give you a pension plan after you work 20+ years and they do provide you options for transportaiton to school without breaking the bank. Depending on the boss, there isn't much politics you would have to do in order to get things done. Starting out work for new experiences would work out best here before you transistion into the real world.
Cons
Don't expect to move up the corporate ladder so easily because people are around for 20+ years at the same job. Your work doesn't get appreciated with salary or career advancement so alot of people tend to do just average at their job. Paperwork tends to be extremely difficult because everything has to get processed through the regents office before coming back to you, espeically reinbursements. Things can get kinda boring after a year and your learning curve will plateau after a few years. Longevity is key at this university, but would not be good for a lab position after a year or two.