Pilots at UPS in 2016 voted to approve a new five-year labor contract with enhanced pension benefits and pay increases.. In 2014, the Teamsters union representing about 268,000 employees at UPS ...

UPS has offered $3,000 a month for employees of 30 years, and has said it will match a local’s pension plan if workers are subjected to decreases in benefits. “This pension plan is my foundation.

As of December, UPS was about $7 billion short of the $25.3 billion needed to pay future benefits for the workers in that plan, said Steve Gaut, a company spokesman. The affected workers will stop ...

As of the end of 2016, UPS' pension deficit in the U.S. totaled $9.9 billion. It owed $41.1 billion to retirees and current employees who are enrolled in the pension plans, but had enough to fund ...

Former UPS driver Jim Dopp and his wife Debbie could lose nearly $1,500 a month in income. UPS earned more than $3 billion last year. But 8,737 of its former workers could see their pension checks ...

As of the same date, the UPS Pension Plan had $6.4 billion and $8.1 billion in benefit obligations for a funded status of 79%, and the UPS/IBT Full-Time Employee Pension Plan had $6.3 billion in ...

United Parcel Service (NYSE:UPS) is the latest company to freeze employee pension plans, according to a report published Tuesday. A growing list of American corporations are freezing pension ...

As recently as 2010, half of large companies with defined benefit plans were open. Atlanta-based UPS is trying to make a dent in a U.S. pension deficit that reached $9.85 billion at the end of ...

The United Parcel Service on Wednesday told some workers that the company plans to freeze their pensions, joining the ranks of other large employers that are moving away from the defined benefit pl… ...