Originally Posted by
BobZ
What income are you expecting to shelter in the cash balance plan? Excess 401 money is not likely to be a significant dollar amount for most pilots I would think. if its an optional plan, I guess each pilot can make their choice.
Current 415c limits allow for 56k of contributions, provided those contributions are based on no more than 280k of earnings. Our contract provides for DPSP Cash beyond both of those limits. Raising the company contribution percentage and contributing personal money via 401K could create the opportunity to shelter some money. Please just make it optional rather than a mandatory confiscation of DPSP Cash into MBCBP.