When creating Total Rewards, we benchmarked ourselves against leading biotechnology and pharmaceutical companies to ensure that Amgen staff would enjoy the most competitive benefits possible. Through our performance-based bonus plan and Long Term Incentive (LTI) program, we continue to provide our staff with the possibility of additional rewards with the potential to far exceed the median of our competitor group.
Health Times
Comprehensive, affordable health care coverage is one of the cornerstones of Amgen’s benefits program. We offer medical, prescription drug, and vision coverage; dental benefits; and access to our Personal Effectiveness Program (PEP). This coverage helps our staff members to protect themselves and their family, stay healthy and balance the demands of work and life.
Tough Times
Amgen provides staff members and their families with protection from the unexpected. We offer personal and family illness coverage, disability benefits and basic life insurance. Individuals can also opt to participate in voluntary options, such as voluntary life insurance and accidental death and dismemberment insurance.
Life Times
Amgen knows it can be challenging to balance commitments and priorities. For that reason, we offer U.S. staff generous vacation time and 16 paid holidays annually, as well as adoption and leave-of-absence benefits. This places Amgen in the top ten percent of all U.S. companies in all industries for paid time off. Amgen also supports the educational priorities of our staff through a generous education reimbursement plan.
Future Times
Amgen encourages our staff members to save for the future. The company contributes an amount equal to five percent of every paycheck to each individual’s Amgen Retirement and Savings Plan, whether or not the staff member is contributing to the Plan. In addition, Amgen matches 100 percent of staff contributions to the Plan up to five percent of pay. So, if you contribute at least five percent of your pay to the plan, the total company contribution is ten percent. Company contributions, as well as staff contributions, are immediately 100 percent vested.
Staff members can also take advantage of the Employee Stock Purchase Plan (ESPP) by contributing up to 15 percent of their salary on an after-tax basis, subject to legal limits, to purchase Amgen common stock at a discount. Additionally, eligible individuals can participate in the Supplemental Retirement Plan (SRP) and Deferred Compensation Plan (DCP).
Fun Times
Amgen believes that having fun and enjoying life are as important as working hard. We sponsor and participate in numerous extracurricular teams and hold annual activities including barbeques, chili cook-offs, summer festivals and Halloween celebrations.
NOTE: The foregoing is a general description of Amgen benefits, which benefits are subject to change and may vary according to location. To the extent any statements above are inconsistent with the controlling plans or programs, the terms of the applicable plan or program control.
