Originally Posted by
pinseeker
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.
All good points. And sick sell back should NEVER be considered as part of our retirement planning strategy. If your financial well being in retirement should not be based on having a full sick bank. If a guy gets sick now he might not make retirement goals/ requirements. Sick sell back is just EXTRA if you are fortunate enough to have it.