Originally Posted by
notEnuf
Explain to me what the effective difference is between increasing DC to increase taxable wages and increasing pay rates. If we fail to get more DC then we are keeping your hourly rate bound to "reasonableness" with no real increase for retirement. The only way we justify more DC is to have a place to put it that isn't regular income.
Sure I’ll bite. But I doubt it will make any difference to you.
DC is a percentage. Not everyone make the same amount. Some people never hit irs limits. Some people hit them in August. A DC percentage that allows the company to fill your 401k at the compensation limit is perfectly reasonable. But that would mean that a significant number of pilots have overages. I want them to have choices with that money. You want to confiscate it.