Originally Posted by BoilerUP

UPS has three retirement plans:

Defined Benefit Pension "A Plan": 1% FAE or Flat Dollar Amount (1% FAE is the contractual standard, but practically everybody who retires gets the substantially higher Flat Dollar Amount which is renegotiated every contract due to ERISA law)
Defined Contribution "B Plan": Money Purchase Plan (MPP) of 12% Company contribution up to IRS 401a17 compensation limit, no "cash over cap"
401K - different pot of money than Company-funded MPP, 100% employee funded, no company match