Originally Posted by
guppie
Well now not so fast there..... 2020 won't be affected, but 2021 and 2022 certainly could be. It will be mathematically impossible for a guppy captain to max his combined company / personal 401K contribution in 2021 with 56 hours per month. That's a fact. Doesn't mean that Baseball isn't smoking dope. But it is reality.
I said, "Many pilots." Doesn't mean all.
Also, I know it's harsh, but you are responsible for your own retirement. If you have suffered pay cuts like most have, you can still max out IRS limits by contributing 401K yourself. Saying it's not possible is a little disingenuous, and no one but you is responsible for planning your own retirement. Not ALPA, not the company. Granted, some won't be able to max out, but it will still be pretty close.
How much is it worth to you to have a secure retirement? Take the time and do some research and reading.