Pension increase
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.
Thanks for that. So in essence, your flat dollar pension takes 5 years longer to equate FDX’s but you get 3% ($8400?) more per year in B plan contributions.
Last edited by FXLAX; 03-25-2020 at 06:17 PM.