Commonwealth Pension Salary

Commonwealth Pension Salary

How much does the Commonwealth Pension Pay for employees?

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As of August 2026, the average annual salary for employees at Commonwealth Pension in the United States is $102,959. This translates to an approximate hourly wage of $49. Salaries at Commonwealth Pension typically range from $90,508 to $116,574 annually, reflecting the diverse roles and experience levels within the company. Commonwealth Pension’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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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 market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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150k
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Average Salary ($/year)
Commonwealth Pension
Insurance
Stealth Partner Group
Davidson Craig L
Industry Comparison
Our data shows that, on average, compensation at Commonwealth Pension is below the average for the U.S. Insurance industry by approximately 17%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Commonwealth Pension average annual salary with several similar companies. Commonwealth Pension average salary of $102,959 is higher than Stealth Partner Group, which has an average salary of $100,280. It is lower than Davidson Craig L, with their average salary at $111,534. This places Commonwealth Pension in a mid-range position among its peers.
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How Commonwealth Pension's Salaries Compare to Similar Companies?

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.

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
12
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

Commonwealth Pension Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
200 - 500 employees
Industry
Insurance
Headquarter Address
PO Box 29416 Richmond Virginia VA 23242
Revenue
$10 Million - $50 Million
Phone Number
+1 8047417534
Social Media
About Commonwealth Pension
Commonwealth Pension is a company that operates in the Financial Services industry. It employs 251-500 people and has $25M-$50M of revenue. The company is headquartered in Richmond, Virginia.

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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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 annual salary range for most roles at Commonwealth Pension is approximately from $90,508 to $116,574. 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. What are the key factors that influence salary levels at Commonwealth Pension?

Several key factors influence salary levels at Commonwealth Pension. These primarily include: 1. Job Role & Responsibilities: More complex roles with greater impact typically command higher pay. 2. Experience & Skills: Your years of relevant experience and specific in-demand skills are critical. 3. Performance: Strong performance can lead to higher raises and bonuses. 4. Location: Office location impacts pay due to varying local market rates and cost of living. 5. Industry Benchmarks: Commonwealth Pension likely benchmarks its salaries against other companies in the Insurance sector. You can explore how these factors play out in our detailed salary data.

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