Agreement passes by wide margin, enhances wages, pension and scheduling UPS (NYSE:UPS) pilots represented by the Independent Pilots Association today ratified a new labor agreement that becomes amendable Sept. 1, 2021. The agreement was voted on by 98.7% of the association membership, with 91.6% percent voting to ratify. Terms of the agreement become effective Sept. 1, 2016 and run through Sept. 1, 2021. The contract covers 2,579 pilots at UPS Airlines. Key components of the ratified agreement include: Immediate increases of 14.65% and a signing bonus in place of retroactive pay 3% annual wage increases through the span of the contract Enhanced pension benefits Crew rest enhancements, including reduced duty period limits for overnight and international flights; additional sleep facilities at major gateways; and sleep modules in UPS B767 aircraft "We are happy that our crewmembers have accepted this win-win contract offer,” said Brendan Canavan, UPS Airlines president. "Together, we have succeeded in taking care of both our people’s needs and our business objectives."