Verizon officially closed its pension plan to new employees in 2006. However, the company continued to honor existing pension benefits for employees who were already enrolled in the plan. This means that while new hires after 2006 wouldn’t be eligible for the pension plan, those who were already part of it would still receive their vested benefits. If you're considering a career at Verizon, it's good to be aware of how this impacts long-term benefits and retirement planning!