So, now what?

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Was riding the emp. Bus and a delta CA was sitting, so I said "You guys rejected that TA?", to which he replied "not a good thing, nobody understood the value of a 15% raise immediately and improved sick leave." The improved sick leave comment was shocking and he continued on about how negotiations will drag on now and it was a mistake. I understood quickly why he made this comment when he said, "I only have two years left." Glad there were few like him. Good job guys
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Quote: ^^^This. Mo' money, less privacy invasion. Perfect.
And don't touch my schedule.
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Quote: Was riding the emp. Bus and a delta CA was sitting, so I said "You guys rejected that TA?", to which he replied "not a good thing, nobody understood the value of a 15% raise immediately and improved sick leave." The improved sick leave comment was shocking and he continued on about how negotiations will drag on now and it was a mistake. I understood quickly why he made this comment when he said, "I only have two years left." Glad there were few like him. Good job guys
There were luckily plenty with two years left who said shove it.
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Quote: I have read this before.
I am not even close to the 401C limit as a pilot on 2nd year pay. I'm sure out of 12,800 pilots about 40% to 50 %have never reached that limit. Increase to 20% DC anything extra give us the cash as income. Put the extra in a Roth
If you hit the 401C limit, you're most likely unable to contribute to a Roth. Unless you back door it through a regular IRA. But I agree, increase the DC contribution. We should AT LEAST = AAL at DOS.
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Quote: On another note:

I've flown with 4 new-hires in the past 10 days. NONE of them recognized ANY Of my Godfather quotes, or had ever seen the movie.


I'm officially old.
I think you become officially old when playboy bunnies were born after you graduated from college.
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Quote: If you hit the 401C limit, you're most likely unable to contribute to a Roth. Unless you back door it through a regular IRA. But I agree, increase the DC contribution. We should AT LEAST = AAL at DOS.
Since our profit sharing is pensionable we are better then both AAL and UAL now.
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Quote: Since our profit sharing is pensionable we are better then both AAL and UAL now.
Are we able to put it in the 401k on top of $18,000 per year?
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Quote: Are we able to put it in the 401k on top of $18,000 per year?
No idea what your saying. The pensionable portion of profit sharing goes directly into the DC plan without being taxed.
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Quote: No idea what your saying. The pensionable portion of profit sharing goes directly into the DC plan without being taxed.
Our maximum employee 401k contribution is $18,000 (or $24,000 for those age 50 and older) per year. Does any amount of profit sharing that one elects contribute to the 401k still count against the $18,000 employee contribution limit, or does it only count against the $53,000 maximum total contribution?

Maximum Employee 401k Contribution Limit

If it still counts against the maximum employee 401k contribution limit, then I would say that it is merely fungible funds, and doesn't make our DC rate better than anyone who has greater than 15% employer contribution. If it only counts against the maximum total contribution, then I just found a way to get closer to $53,000 per year in my 401k.
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Quote: Our maximum employee 401k contribution is $18,000 (or $24,000 for those age 50 and older) per year. Does any amount of profit sharing that one elects contribute to the 401k still count against the $18,000 employee contribution limit, or does it only count against the $53,000 maximum total contribution?

Maximum Employee 401k Contribution Limit

If it still counts against the maximum employee 401k contribution limit, then I would say that it is merely fungible funds, and doesn't make our DC rate better than anyone who has greater than 15% employer contribution. If it only counts against the maximum total contribution, then I just found a way to get closer to $53,000 per year in my 401k.
It does not count against the 401k limit. It counts exactly the same as any other DC contribution. As a example if the PS is 20% this year you will receive a total of 18% into your DC fund. 15% plus 3 additional percent from the PS.
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