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)?

11-08-2010 | 07:25 PM

#51972

acl65pilot

Happy to be here

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From: A-320A

My rationale is that we should do everything for every pilot to max out their retirement savings plans, and when one is allowed to add more to it, we should have the company dump it in.

11-08-2010 | 07:43 PM

#51973

Columbia

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Quote:

Originally Posted by acl65pilot

My rationale is that we should do everything for every pilot to max out their retirement savings plans, and when one is allowed to add more to it, we should have the company dump it in.

The Defined Contribution limit in 2010 for every employee is $49,000. That's quite a bit of coin for the company to contribute.

IRS Announces Pension Plan Limitations for 2010

11-08-2010 | 08:36 PM

#51974

Denny Crane

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From: Kickin’ Back

Quote:

Originally Posted by 1234

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)?

I think his rationale is that this bump would continue and as the years pass everyone would get a piece of this pie. Even though I would benefit from this (being over 50), I'm not sure that I agree with it because of the uncertainty of this industry and the way things can be negotiated away.......

Denny

Last edited by Denny Crane; 11-08-2010 at 08:47 PM.

11-08-2010 | 08:44 PM

#51975

forgot to bid

veut gagner à la loterie

Joined: Apr 2008

Posts: 23,286

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From: Light Chop

Quote:

Originally Posted by beer

War Eagle!!!

damnit BEER. What were you thinking? Getting your hair shaved and then...

???????????

11-08-2010 | 08:48 PM

#51976

80ktsClamp

Da Hudge

Joined: Oct 2006

Posts: 17,473

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From: Poodle Whisperer

Quote:

Originally Posted by forgot to bid

damnit BEER. What were you thinking? Getting your hair shaved and then...

???????????

He's practicing the new TSA enhanced pat down procedures.

"Sir, I'm going to need you to remove the cup."

11-08-2010 | 08:50 PM

#51977

RockyBoy

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..........

11-08-2010 | 08:54 PM

#51978

80ktsClamp

Da Hudge

Joined: Oct 2006

Posts: 17,473

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From: Poodle Whisperer

Bet he wished he didnt opt out from the body scanner before the lambeau leap after that.

11-08-2010 | 09:08 PM

#51979

newKnow

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Joined: Feb 2007

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From: 765-A

Quote:

Originally Posted by 80ktsClamp

He's practicing the new TSA enhanced pat down procedures.

"Sir, I'm going to need you to remove the cup."

If I had known I'd have to be a man-hoar to do this job, I would have preferred I do it when I was young and hot.

Now I'm so old, the tips I command won't even buy me a pack of gum.

TSA agents, get your change ready, here I come!