UPS stopped offering traditional pension plans for new employees in 2007. Instead, they shifted to a defined contribution plan, which is more common in the industry today. This means that while existing employees might still have some pension benefits based on their years of service, new hires after 2007 would not receive a traditional pension but would be eligible for a retirement savings plan instead.
If you're considering a career with UPS or looking at their benefits package, it's important to evaluate how the switch from pensions to defined contribution plans might affect your long-term financial planning.