A traditional pension plan provides a steady income to former employees. Once retirees meet the job tenure and age requirements, they receive regular monthly payments throughout their lifetime.

A minority of private industry workers (9%) were provided with a traditional pension plan through their jobs in March 2021, according to Bureau of Labor Statistics data

Get a Government Job In March 2021, 86% of state and local workers had a pension. Richard Johnson, director of the Urban Institute's retirement policy programme, says traditional pensions are fading among government workers.

Join a Union A union card just might be your ticket to better retirement benefits. Unions negotiate with company management for better retirement benefits for their members.

Work for a Big Company Large employers are more likely to offer a pension than small ones. 56% of 500-plus employee firms have a traditional pension plan. Only 26% of companies with 100-499 employees offer pensions, and 11% of those with fewer than 100.

Join a Very Small Firm Most small businesses don't provide traditional pension plans to employees, but the exception is ultra-small companies with five or fewer employees.

Move to the Northeast Northeast jobs are more likely to offer pensions than jobs elsewhere. In New England and the Middle Atlantic, 29% of private sector workers are eligible for a pension.

Join the Management Track Business and finance managers have the best retirement benefits. 22% of private-sector managers have a pension.