Originally Posted by
acl65pilot
I always thought a lump sum DC contribution in Dec for those able to get the DC catchup would be a good idea. Basically it would be a lump sum on the difference between the IRS max and the Catchup max.
This would not preclude an increase in everyone's DC plan percentages, but rather another bump for the guys on the top.
I know some will argue that will make guys stay till 65 but most will anyway.
What is your rationale behind giving every pilot that is 50 and older an additional $5,500 (and will increase each year per the govt cost of living increase)?