What pension plans does UPS offer its employees?


Quick Answer

UPS offers its own in-house pension plan to full-time employees, as explained on the company website. UPS provides the UPS/IBT Full-Time Employee Pension Plan with a full range of benefits.

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Full Answer

A collective bargaining agreement reached by the Teamsters United Parcel Service National Negotiating Committee and the United Parcel Service, Inc. governs the terms of the pension plan offered to all full-time employees, explains the UPS plan summary. Employees who qualify must work in one of the qualifying categories, have one "hour of service" in a "covered employment," must not be covered by another pension plan to which UPS makes payments, and not provide services on the basis of a contract, leasing or temporary basis.

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