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Benefits That Provide You With The Power To Be Your Best
PSEG understands that taking great care of our customers starts with making sure you’re taken care of yourself. That’s why we provide one of the most valuable, flexible and comprehensive benefits programs in our industry.
Click below to learn more about benefits available to PSEG employees.
To view our Employee Benefits Desktop, click here.
Retirement & Savings
Virtually unlimited investment options make the PSEG 401(k) Plan a valuable savings and retirement vehicle. It offers a competitive match after only six months on the job, immediate vesting, and the ability to save before-tax, after-tax, or tax-free with a Roth option. Target Retirement Funds are also available and give you an efficient, well-diversified portfolio—designed and managed according to your stage in life.
You will define your own vision of retirement through personal goals, aspirations and concerns and the retirement you want and how you will finance it based on current and future retirement trends.
Financial Planning Seminars
If you could, would you like help putting an investment strategy in place? PSEG can help you with this when you take advantage of our financial planning seminars.
Flexible Reimbursement Accounts
Use your before-tax dollars for health care and/or dependent care reimbursement.
Commuter Reimbursement Account
Similar to a Flexible Spending Account, the commuter reimbursement account allows you to set aside pre-tax dollars to pay for eligible commuting expenses to and from work. The commuter reimbursement account allows for commuting expenses such as parking, mass transit, and van pools.
Postretirement Supplemental Health Benefits Plan (VEBA)
Save money and get tax-free earnings for medical expenses and health care premiums during retirement.
Pre-Tax Premiums for Health Insurance
All premium cost sharing is on a before-tax basis, further reducing your out-of-pocket costs.
Employee Stock Purchase Plan
Take stock in PSEG through the discount Employee Stock Purchase Plan after one year of service. It provides the way for you to purchase shares of enterprise common stock at 95% of the market value.
Cash Balance Pension Plan
Fully funded by PSEG and you’re vested from your first day of hire.
Credit Union advantages include dividend rates; personal, educational, auto and home equity loans; and the Credit Union Discount Real Estate System (sellers pay only 4% commission; buyers receive a credit at closing). Credit unions are located at several PSEG locations, and all associates are eligible to join.
Health & Well-Being
Whether preventive, routine, or catastrophic care, our medical benefit options provide the protection you need at a reasonable cost. No waiting periods, no pre-existing exclusions; you and your family are covered from day one.
Health and Wellness Programs
Get fit and stay healthy by using an array of wellness programs, educational programs and materials, screenings, and health enhancement programs.
Chronic/Serious Health Condition Management
PSEG employees and family members have access to Optimal Health®, a disease management program available to help improve and manage certain health conditions and prevent them from getting worse.
Prescription Drug Coverage
Purchase prescriptions from a local retail pharmacy, or save more money with the convenience of low-cost mail order.
Vision benefits (depending on the medical and dental plan you are enrolled in) coverage for LASIK eye surgery or equivalent procedures for vision improvement are available.
Choose from several dental benefit options that include orthodontia coverage for dependent children. Plan options may vary for union and non-union employees.
When illness or injury strikes, we provide financial protection. Short- and long-term disability coverage is there when you need it. Coverage may vary for union and non-union employees.
PSEG associates receive injury prevention and risk-lowering education, access to highly-trained medical and wellness professionals, and confidential counseling on physical therapy for job-related health issues.
CHAMP Onsite Fitness Centers
Located at our General Office and PSEG Nuclear, these facilities provide access to cardiovascular equipment, strength-training equipment, group exercise classes, and individualized programs to support a healthy lifestyle. Low monthly payroll deductions plus tax per month for membership privileges.
Exercise Reimbursement Program
PSEG will reimburse you up to $300 per year when you join any fitness facility meeting certain criteria. Permanent, full-time employees are eligible. (CHAMP Onsite Fitness Center membership dues are not eligible for reimbursement.)
Get expert help with weight loss and access the meals, recipes, interactive tools and additional resources of these two healthy-diet leaders.
Personal & Family
Holidays & Vacation
PSEG associates enjoy 12 scheduled and floating holidays throughout the year, as well as paid vacation.
Protect the ones you love. Get life insurance protection for you and/or your dependents. We offer Basic Group and Universal Life Insurance with an investment fund option that offers tax-deferred earnings.
Long Term Care
Get insurance to help pay expenses generally not covered by the medical program or Medicare, such as nursing home care, home health care, or care in an adult day care center.
Voluntary Benefit Programs
If you are planning to adopt, or if you need help with child or elder care, legal expertise, auto or home insurance, our voluntary benefit programs add convenience and help you and your family deal with life events—and may save you money.
Take advantage of the Tuition Aid Program. Reimbursement is based upon grades; fees are covered at 50%.
Work/Life Resource and Referral Service
Through Carebridge, receive confidential counseling and consultations on parenting and elder care issues; evaluations of and referrals to schools and programs for children as well as to care providers for aging adults; college assistance; information on buying/selling a home; financial planning and more, all at no cost to you.
Bright Horizons Child Care Centers
Their program offers priority access for back-up, full-time and part-time child care at participating centers throughout NJ. In addition, PSEG is a Corporate sponsor of the Bright Horizons Emergency Back-up Child Care Center located in Newark, NJ. This center is most applicable to General Office employees and offers back-up spaces only.
Employee Assistance Program (EAP)
Get help with personal work/life problems through individual, confidential assistance in dealing with marital, family and relationship problems; drug and alcohol dependency; work and family crises; and other real-life issues.
Recognition & Rewards
The PSEG Value In Purchasing (VIP) Discount Network provides access to private shopping events and exclusive discounts on more than 25,000 brand name products and services, travel, entertainment, theme parks and much more.
Employee Grants and Volunteer Initiatives
PSEG encourages the volunteerism of our associates, and we recognize their efforts by awarding grants ranging from $250 to $10,000 to the qualified non-profit organizations in which they volunteer. We support several programs focused on making a difference in the lives of the people in the communities we serve.
the rewards of a career with us >>
Brendan, a Technical Specialist with PSEG Nuclear.
Path to success
At PSEG, we are as committed to your development as you are.