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

By Staff Report

Feb. 17, 2010

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

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.


blog workforce

We build robust scheduling & attendance software for businesses with 500+ frontline workers. With custom BI reporting and demand-driven scheduling, we help our customers reduce labor spend and increase profitability across their business. It's as simple as that.

Book a call
See the software

Related Articles

workforce blog


4 Ways to Maximize HR and WFM Data

Technology and cloud-based applications and platforms enable companies to gather more data, but can the...

workforce blog


How to prevent workforce management system outages: mitigation through redundancy

Summary Workforce management data breaches and outages are a very real threat Businesses should build r...

data breach, network security, payroll system, system outage, workforce management

workforce blog


Kronos (UKG) data breach leaves businesses in the dark for “several weeks”

Summary Workforce management company Kronos (UKG) suffers ransomware data breach Kronos Private Cloud a...

data breach, Kronos, ransomware, security, UKG