Originally Posted by Timbo

You could only "Hide" that money from the tax man if you had enough money in your personal savings/assets to open a 401K, and deposit the equivalent amount, then swap it out later, remember? You may be right on the PBGC payout, I was only looking at age 60 payout, which is when I want(ed) to retire. My young age actually worked against me in all the DB, retirement silo/PBGC calculations, their theory being, I'll have more time to make it up....if I fly to age 65.

If you recall, the MEC (made up of a lot of junior F/O's at the time) also decided to "Make them whole" when it came to the silo distributions, by saying every one here had an "FAE" of $240,000.