LOUISVILLE, KY (WAVE) - Pilots for UPS have ratified a new five-year labor agreement.
The Independent Pilots Association announced the deal was approved by 91% of the members who voted.
In a release announcing the contract, IPA listed the following item which they called Key components of the agreement:
- An immediate pay increase of 14.65% and 3% annual wage increases over the life of the contract, for a compounded increase of 29.04%
- A $60,000 signing bonus for Captains, and a $40,000 signing bonus for First Officers;
- A 40% increase to the defined benefit pension plan
- Crew rest enhancements, including more favorable duty period limits for overnight and international flights; additional sleep facilities at major gateways; and sleep modules in UPS B767 aircraft
- A commitment by UPS to work with the IPA in applying the latest in fatigue science to pilot scheduling
The collective bargaining agreement covers more than 2,500 union pilots at UPS.
The new CBA goes into effect on September 1.