Originally Posted by
Verdell
I feel like pointing out that 16% vs 17%/18% in 401k contributions, versus say, raising base pay by 1%-2%, are basically the same thing.
To pose a question:
Would you rather have:
1) a 2% raise to base pay
or
2) 2% higher 401k contributions?
The answer varies to each individual's scenario. The 2% raise will increase overall compensation more. The 2% higher 401k *might* lower overall tax burden on that extra money, despite lower overall compensation.
My point being, it doesn't make sense to say that "401k contributions weren't raised quickly enough therefore older pilots were left out" while simultaneously disregarding base pay increases.
Id just like to point out that
at JB’s level of pay, 1 vs. 2 is
irrelevant, as that “spill cash” will come to him by 31 Dec regardless. It’s just a matter of if he opted out of the MBCPB for which account it goes into.
Id also like to +1 Extenda’s excellent post above. Very well put. JB reread your couple posts here, and then Scoop’s. Consider the tone of each, and which one you find more compelling. Unless you just want to rant…