Originally Posted by overqualified52
Does UPS do both a 401K and pension or you choose between the two ?
IPA-represented UPS pilots have both a Defined Benefit pension (1% FAE or the negotiated Flat Dollar Amount, capped at 30 years of service...everybody takes the FDA) and a 12% Defined Contribution Money Purchase Plan up to the IRS compensation limit (no cash over cap).
There is also an employee-funded 401K.