Originally Posted by
TonyC
We already have pilots hitting the 415(c)(1)(a) contribution limits. That makes the effective rate of their "B" Plan ZERO percent for the rest of the year. If we're going to put effort into improving the "B" Plan, we have to talk about Cash Over Cap features. When we get to that point, we may as well switch the conversation back to pay rates.
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That is true about pilots already reaching the cap, but only $22500 of that money was contributed by the company. The rest belonged to the pilot. IE, 401K, excess sick bank, after tax contributions. For example, if someone has a full disability bank and a full sick bank and makes after tax contributions up to the IRS cap, the company pays them for the unused sick bank as regular pay at the end of the year.