A Groundbreaking Offer
Our employees represented by the UAW are important to John Deere’s future. With the second tentative agreement reached between John Deere and the UAW’s bargaining team, they would share in our current and future success through wages and benefits that are not only the best in our industries – they are groundbreaking.
No other UAW-US major manufacturer has a labor agreement that provides:
- Cost-of-living adjustments every 3 months for inflation. What does this mean? If inflation increases, their wages will too.
- A company-funded defined benefit pension plan and defined contribution plan (401k) to create more security in retirement. Why does this matter? In retirement, they will receive a monthly pension payment from John Deere and the benefit of tax-deferred savings bolstered by the company.
- An entirely new cash balance savings to provide more retirement income and flexibility. What will this give these employees? Tens of thousands of dollars more to spend after their career.