The John Deere Pension Plan is a defined benefit plan offered at certain pension-eligible units. Employees become vested after three years of service. The company will match a portion of its employees' contributions, up to the first 6% they defer, based on the company’s annual performance. The company's 401k, administered by Fidelity Investments, provides an opportunity to save on a pre-tax and after-tax basis. Employees are encouraged to play an active role in their health and take advantage of company-sponsored wellness programs and resources. That's why John Deere offers employees and their families the tools to help make them the healthiest and safest in the world. The health of employees has a significant impact on their life – both at home and at work. Up to 11 holidays are recognized, depending on the unit. Additionally, at most units, employees receive the three workdays between Christmas and New Year’s holidays as paid time off. John Deere's holiday schedule recognizes that employees want to be with family and friends on important occasions throughout the year.
Employees can also purchase additional time off to meet personal needs (total vacation not to exceed five weeks). The number of vacation days increases with continuous employment, up to a maximum of five weeks of vacation annually. The standard vacation policy starts with five days after six months, and 10 days after the first year of continuous employment. Doctor and hospital visits, including maternity and well-baby care.Medical plans cover comprehensive medical services, including: One of the most vital components of John Deere's total compensation is a benefits package including medical, dental and FSA options. An employee's individual performance impacts their base pay, while variable pay depends on company performance. This philosophy is used throughout the company to reward employees in alignment with company and individual performance. John Deere's total compensation philosophy is to pay for performance. Variable pay – may include annual cash bonuses, stock options, and other longer-term cash awards.
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