Originally Posted by
BoilerUP
That is correct.
That reality does not change the fact both Contract 2016 and Extension 2020 enhanced the UPS/IPA Defined Benefit pension, which was the specific question asked by CloudSailor.
I understand you directly answering the other question but Kronans point is that even with “the gains” a UPS Capt get 110k at 25 YOS while a FedEx Capt gets 130k. UPS does have a larger capped B plan at 12% compared to ours at 9%. Will that 3% DC difference fill the 20k a year pension shortfall? That all depends on market returns and earnings.