RSS icon

Top Stories

Deere, Motorola to Add a Combined $700 Million to Plans

February 17, 2010
Related Topics: Finance/Taxes, Benefit Design and Communication, Retirement/Pensions, Latest News
Reprints

Deere & Co. expects to contribute $500 million to its pension plans this year, according to the Moline, Illinois-based company’s director of strategic public relations.

The company contributed $233 million to its pension plans during its last fiscal year, ended October 31, according to its 10-K report.

Deere had $8.4 billion in pension assets and $9.7 billion in pension liabilities as of October 31.

Separately, Motorola Inc. expects to contribute $200 million to its pension plans this year—$150 million to its U.S. pension plans and the remainder to its international plans, according to the company’s 10-K report.

Last year, the Schaumburg, Illinois-based company contributed $90 million to its U.S. plans and $39 million to its non-U.S. plans.

As of December 31, Motorola had U.S. pension assets of $3.898 billion and U.S. pension liabilities of $5.821 billion; its non-U.S. pension assets totaled $1.147 billion and non-U.S. pension liabilities, $1.576 billion.


Filed by Barry B. Burr of Pensions & Investments, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

Stay informed and connected. Get human resources news and HR features via Workforce Management’s Twitter feed or RSS feeds for mobile devices and news readers.

Comments powered by Disqus

Hr Jobs

Loading
View All Job Listings