Originally Posted by
Meme In Command
Look Bro, I've been following this thread trying to understand this thing. I thought i had a basic grasp on this but i guess I'm wrong. Sounds to me like once you fill your 401k, all the extra dough goes in here. I fly with a lot of captains that Bragg about flying a lot to fill up their 401k and have the excess cash in hand later on in the year. Seems to me like of that cat now goes to an account instead of being cash in hand, it eliminates this particular incentive.
Sort of true. But if you make $300 /hr and a GS will pay you $600/hour, you still get ALL that money. It's the DC on that money that goes to spill cash IF and only IF you reach the IRS limit($66,000ish or 330,000 annual pay). But that spill cash is still yours, but the returns on that small portion MIGHT be less than what you could do outside of the MBCBP. As a non new-hire you can opt out.
Seems like very little disincentive to not pick up that GS and I doubt it would affect anybody's bidding strategy. JMHO