Other Savings Plans

Amgen rewards you for your contributions to the company and helps you build your wealth.

Long-term Incentive Program

The Amgen Long-Term Incentive (LTI) Program rewards eligible staff members for their current and potential future contributions to the company’s success with grants of restricted stock units, performance units, and/or stock options. Awards are designed to align the interests of our staff members with those of our stockholders.

Supplemental Retirement Plan

Internal Revenue Service (IRS) rules prohibit the company from making 401(k) core or matching contributions on any eligible earnings exceeding the Internal Revenue Code (IRC) compensation limit ($345,000 in 2024) and/or any compensation you defer to the Amgen Nonqualified Deferred Compensation Plan (DCP), described below. You automatically become a participant in the SRP if you participate in the Amgen Retirement and Savings Plan and your eligible earnings exceed the IRC compensation limit and/or if you participate in the DCP.

If you are eligible to participate, the company credits a percentage of your eligible compensation into an SRP account on your behalf. Company credits are subject to a vesting schedule.

Nonqualified Deferred Compensation Plan

You are generally eligible to participate in the Amgen DCP if you are an Amgen staff member in job level seven and above and meet certain eligibility requirements.

If eligible, you can elect to defer on a pre-tax basis up to 50% of your annual base salary as well as up to 80% of your Global Management Incentive Plan (GMIP)/Executive Incentive Program (EIP) bonus and/or any sales incentives you earn on a pre-tax basis to the DCP.  You will receive more information about the DCP directly from Merrill within five to 10 days of your hire date.