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Old 03-26-2018 | 07:55 AM
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frozenboxhauler
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From: Tool-Box, old man
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Originally Posted by Miso
So...if your sick bank is full (686 credit hours) any unused sick hours in a given year will roll into your 401k up to the $55,000 IRS limit, after which the Company cuts you a check for the remainder.
You can also contribute an additional $6,000 “catch-up contribution” if you are 50 years old or older.
Miso, very slight correction for you, the "catch-up contribution" is allowed once you have entered your "49th year".
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