Retirement and Financial Planning

Union Pacific not only invests in your career, we invest in your future. We offer exceptional financial security with our Union Pacific Pension Plan, Railroad Retirement and a 401(k) plan.

Union Pacific Pension Plan

Available to our non-union (nonagreement) employees, the pension is fully paid by the company, and your benefits start to accrue the day you are hired. The amount of your annual benefit will be based on your years of service, your final average earnings and your age at retirement.

Railroad Retirement Board

The Railroad Retirement Board administers retirement and survivor and unemployment/sickness insurance benefits for railroad workers and their families. This is a government benefit that requires payroll tax deductions, with contributions from both the company and employees.

401(k) Thrift Plan

The 401(k) Thrift Plan is a flexible and convenient way to save for your retirement. It offers a variety of investment options, with up to 15 funds to choose from. Union (agreement) employees are eligible to participate after one year of service. Non-union (nonagreement) employees are eligible to participate immediately upon joining the company and Union Pacific will match your 401(k) contributions 50 cents for every dollar invested, up to six percent of your salary.