Agco ( (AGCO) ) has issued an update.
AGCO Corporation’s recent amendment to its Executive Non-Qualified Defined Contribution Plan, effective January 1, 2025, broadens eligibility to include U.S.-based Vice Presidents and above, and integrates participants from the soon-to-be-frozen Executive Nonqualified Pension Plan. Contribution rates vary from 6% to 15%, and the update aligns disability definitions with the company’s long-term plan, offering prior vesting credits and addressing contributions for partial year employment.
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