Originally Posted by
BoilerUP
No, it does not in 25 YOS; a UPS Captain (for one revenue leg) would need all 30 years of service to exceed the current capped FDX DB max benefit of $130k...in 2023.
We were way behind FDX’s DB plan, and if the extension is passed we’ll be on pace to slightly exceed it in value (admittedly after 5 more years of service).
There’s also the difference in defined contribution percentage, but that’s not explicitly pertinent to a defined benefit discussion.
Can you also confirm that your B plan is 12% - which is higher than ours at FedEx. I would say that with the two combined your retirement package is now higher than ours for a Captain at 30 yeas of service, and maybe at 25 YOS due to the higher B fund.