UPS guy contributing to a FDX thread here, hope that one FDX guy can forgive me...

I would agree that FDX currently provides a better defined benefit for pilots with <30 years of service and PFOs. I would submit UPS provides a better defined contribution. I would also submit that with the value of combined DB and DC plans, pilots both places are doing pretty darn well and shouldn't need to wear an apron at Home Depot.

---------------

The 3% difference in direct contributions has a value of $9150 at the 2022 401(a)(17) compensation limit of $305k.

At UPS, 71.5hr of sick time is accumulated annually. All sick leave accrued over the cap (which was 208hr last year and will be 218hr this year) is paid out at the crewmember's current hourly rate. Crewmembers can elect to be paid down to 148hr sick any year. Sick check can be contributed into 401k. 100% of remaining sick leave is paid upon retirement.

After-tax MPP contributions can be made up to the 415(c) limit. For 2022, a $36.6k DC (at the $305k compensation limit) and $20.5k max 401k contribution leaves $3900 in maximum after-tax contribution.

I am not sure if the defined benefit pension can be deferred and a crewmember receive an actuarily adjusted higher benefit.