Where is Commonwealth Pension located?

Commonwealth Pension is headquartered in Richmond, Virginia, but may have operations in other locations within the Insurance sector.

What does Commonwealth Pension do?

According to the company's overview, Commonwealth Pension is a company that operates in the Financial Services industry.

What industry is Commonwealth Pension in?

Commonwealth Pension operates in the Insurance industry.

Commonwealth Pension Hourly Pay Rate & Wages

Commonwealth Pension Salary

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Salary at Commonwealth Pension

Current Job Openings at Commonwealth Pension

Ready for your next career move? Explore current job openings at Commonwealth Pension. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Commonwealth Pension’s Pay Competitive? Salary Benchmarking Analysis

How does Commonwealth Pension's compensation stack up against the industry and its key competitors? Our salary benchmarking analysis provides a clear comparison. The chart below visualizes this comparison alongside select peer companies.

Competitor / Benchmark	Avg. Salary	Variance	Primary Market Influence Factor & Explanation
Stealth Partner Group	$48	-2.6%	Indicates identical technical requirements and experience levels between the two firms.
Davidson Craig L	$54	+8.3%	Driven by niche technical certifications required for Davidson Craig L's specialized projects.
Fund Office	$49	-1.8%	Suggests Fund Office utilizes a highly similar base-plus-benefits compensation model.
Foamex Lp Pension Plan Trust	$49	-1.3%	Confirms Foamex Lp Pension Plan Trust is a direct competitor vying for the exact same talent pool.
Insurance Industry	$60	+20.3%	Pay variances are driven by organizational scale, specialized skill requirements, or geographic cost-of-living factors.

Need More Granular Data? The analysis above provides a high-level market overview. To benchmark specific job codes, adjust for real-time cost-of-living changes, or access verified HR-reported datasets, upgrade to Salary.com for Business. Precision matters when building your compensation strategy.

Companies Similar to Commonwealth Pension and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Commonwealth Pension. Click a company name to learn more.

Stealth Partner Group

$48 / hour

Salary Range: $42 - $55

Scottsdale, AZ

Davidson Craig L

$54 / hour

Salary Range: $47 - $61

Eden Prairie, MN

Fund Office

$49 / hour

Salary Range: $43 - $55

Richmond, VA

Foamex Lp Pension Plan Trust

$49 / hour

Salary Range: $43 - $55

Richmond, VA

Puerto Rico Teacher's Retirement System

$50 / hour

Salary Range: $44 - $56

San Juan, PR

Utah Retirement Systems

$46 / hour

Salary Range: $41 - $53

Salt Lake City, UT

The NYSTRS

$51 / hour

Salary Range: $44 - $57

Albany, NY

Medova Healthcare Financial Group LLC

$47 / hour

Salary Range: $41 - $53

Wichita, KS

Ragsdale Benefit Solutions LLC

$48 / hour

Salary Range: $42 - $54

Sapulpa, OK

Employee Reviews: Working at Commonwealth Pension

Considering a career at Commonwealth Pension? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.

Benefits are standard, and HR is responsive to inquiries. The team is supportive, and management is flexible when needed. Compensation is competitive, and recognition programs keep morale high. Benefits like wellness programs and bonuses make it a standout employer. Leadership is transparent, and the team is collaborative.

Commented in May 12, 2025

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3

I appreciate the company’s focus on employee well-being and career growth. The insurance products are high-quality, making day-to-day work more engaging. It’s a fantastic place to build a long-term career.

Commented in December 07, 2024

50

0

Leadership is approachable and invests in staff development through continuous learning programs. Positive experience overall. The workload is predictable, and colleagues are easy to work with. The office atmosphere is friendly, and collaboration is encouraged. The benefits are competitive, and work-life balance is respected.

Commented in September 05, 2024

30

1

Employee recognition programs are a nice touch, boosting morale. While there aren’t many standout perks, the basics—like health benefits and PTO—are reliably offered. Compensation aligns with industry standards, and benefits are satisfactory. Benefits are standard for the insurance industry. The insurance industry can be complex, but the training here is excellent. The company culture promotes tea...

Commented in September 01, 2024

48

0

The benefits, including health, dental, and vision coverage, are above average. Team outings and wellness programs add to the positive experience. The insurance services we provide are high-quality, which reflects well on our team.

Commented in February 16, 2024

39

1

What Benefits Does Commonwealth Pension Offer Beyond Salary?

A competitive compensation package is more than just a salary. Commonwealth Pension offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:

Social Security

401(K)

Disability

Healthcare

Pension

Time Off (days)

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How Much Should You Be Earning?

Get an estimated calculation of how much you should be earning and insight into your career options.

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What Is the Cost of Living Near Richmond?

Understanding the cost of living near Richmond is key to truly evaluating a salary offer or your current compensation at Commonwealth Pension.

Richmond's Cost of Living Index is approximately 95.8 (4.2% less expensive than US average; 8.0% less than VA average). State capital, historic, arts/food scene, affordable housing. GRTC bus. When planning your budget based on a salary from Commonwealth Pension, consider these typical monthly expenses:

Expense Category	Estimated Monthly Cost	Key Considerations / Notes
Housing (1-BR Apt Rent)	$1,100 - $1,600+	A significant portion of Commonwealth Pension salary. Location choices impact this heavily.
Utilities (Basic)	$130 - $220	Electricity, Heating, Cooling, Water etc.
Public Transportation	$60 (GRTC monthly pass)	Essential for most commuters; car ownership is costly.
Groceries (Single Person)	$400 - $580	Can be higher with more dining out or specialty stores.
Personal & Leisure	$380 - $700+	Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual)	$370 - $690+	Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes)	$2,440 - $3,790+	This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Commonwealth Pension

1. What is the typical salary range (low to high) for most roles at Commonwealth Pension?

The typical salary range for most roles at Commonwealth Pension is approximately from $44 to $56 per hour. It's important to remember that these are overall averages, actual salaries vary significantly based on specific job titles, years of experience, skills, and location.

2. How much does Commonwealth Pension pay compared to Stealth Partner Group?

The average annual salary at Commonwealth Pension is $102,959, or an hourly wage of $49, in comparison to Stealth Partner Group which pays $100,280 per year or $48 per hour.

3. How does experience level affect salary at Commonwealth Pension?

Experience level is a significant factor in determining salary at Commonwealth Pension, as it is with most employers. Generally, employees with more years of relevant experience and a proven track record can command higher salaries. For example, a senior-level role will typically have a higher pay band than an entry-level or mid-career position within the same job family.

4. How can I determine if a salary offer from Commonwealth Pension in Richmond is fair given the local cost of living?

To determine if a salary offer from Commonwealth Pension in Richmond is fair, first compare the gross salary to our data for similar roles at Commonwealth Pension and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Richmond" to understand its purchasing power.

5. Are the salaries listed for Commonwealth Pension on Salary.com pre-tax or after-tax?

All salary figures displayed for Commonwealth Pension, including average base salary and estimated total compensation, are pre-tax amounts. They do not account for federal, state, or local income taxes, nor deductions for benefits like health insurance or 401(k) contributions.