Glassdoor is your resource for information about the Pension Plan benefits at Johnson & Johnson. All contents © Copyright Johnson & Johnson Services, Inc.1997-2020. Sign up and get the best of News delivered straight to your email inbox, free of charge. Glassdoor is your resource for information about the Pension Plan benefits at Johnson & Johnson. The discount rate reported as of Dec. 31 was 2.91%, down from 3.76% a year earlier. Excellent pension and there is a website that can estimated your pension for retirement. At Johnson & Johnson, workers are provided with pension plans. Glassdoor will not work properly unless browser cookie support is enabled. Main Office Learn how to enable cookies. Johnson & Johnson provides you with 401(k) savings plans. The Johnson Controls Senior Executive Deferred Compensation Plan is available to select U.S.-based, highly compensated employees. Johnson & Johnson Medical Devices Companies. No further information was provided. Learn about Johnson & Johnson Pension Plan, including a description from the employer, and comments and ratings provided anonymously by current and former Johnson & Johnson employees. The company did not break out the discount rates or asset allocations by region. This site is governed solely by applicable U.S. laws and governmental regulations. The Investor Relations website contains information about Johnson & Johnson's business for stockholders, potential investors, and financial analysts. You should view the News section and the most recent SEC Filings in the Investor section in order to receive the most current information made available by Johnson & Johnson Services, Inc. The distribution of the lump sums to former employees was completed by the end of the year, according to a 10-K filed Tuesday with the SEC. Johnson & Johnson, a 2019 Working Mother Best Company for Dads, supported just-released research on the office benefits fathers most wish they had. You are now leaving jnj.com. The actual allocation of the global pension plans was 74% equities and 26% fixed income. Chicago, IL 60601, New York Times inks deal to transfer $235 million in pension liabilities, Nearly half of pension fund trustees see buyout as long-term aim, Levi Strauss sews up lump-sum offer program, TI Group Pension Scheme completes buy-in with Aviva, Sponsored Content: Demystifying Annuities, Pandemic drives faster transition for Virginia to private markets, Mubadala draws on portfolio in coronavirus fight, Texas Muni reduces downside risk during pandemic, finding opportunities now, ‘Triage plan’ at Indiana system helped stem losses, H.I.G. You should view the News section and the most recent SEC Filings in the Investor section in order to receive the most current information made available by Johnson & Johnson Services, Inc. Johnson & Johnson, New Brunswick, N.J., paid out lump sums in 2019 totaling $514 million to former employees vested in its U.S. pension plan that accepted an offer. Contact Us with any questions or search this site for more information. As of Dec. 31, U.S. pension plan assets totaled $21.4 billion, while projected benefit obligations totaled $22.03 billion, for a funding ratio of 97.1%, up from 95.2% a year earlier. Use of this site constitutes your consent to application of such laws and regulations and to our Privacy Policy. 150 N. Michigan Ave. We talked to HR experts for their best tips on maximizing your total benefits portfolio this year. The Johnson & Johnson Savings Plan (also called the “Savings Plan” or the “Plan”) offers you a unique opportunity to save for retirement. New York, NY 10017-4036, Chicago Office The site you’re being redirected to is a branded pharmaceutical website. As of Dec. 31, non-U.S. pension plan assets totaled $10.8 billion, while PBO totaled $12.1 billion, for a funding ratio of 89%, up from 86.9% a year earlier. Available! Can you guess what factor influences dads to be 20% more likely to take time off to be with their families? Not typically available anymore at other companies. 8 Simple Ways to Supercharge Your Employee Benefits (and Health!) .css-1cjz1oj svg > path{fill:#0caa41;}Employer Verified Available to US-based employees (Change location), average pension plan benefit, good communication. Johnson & Johnson officials could not be immediately reached to provide further information. Johnson & Johnson and Working Mother Worked Together to Find Out. To help ensure a stable flow of money later in life, many employees take advantage of employer-funded pension plans. What Do Working Dads Really Want? Also, the company disclosed in the filing that it plans to contribute $103 million to its global pension plans in 2020. Your use of the information on this site is subject to the terms of our Legal Notice. Together with Social Security and your J&J pension benefits, your savings in this Plan can play a major role in … In 2019, the company contributed $489 million to its U.S. plans and $419 million to its international plans. 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