End of 2019 salary survey
02-12-2020, 08:02 AM
#671
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Originally Posted by Thrust Hold
For each guy/gal it’ll be different. Just know the formula for your airline’s CBA and find your way to $57,000 (2020 IRS Limit) or beyond if you have “Cash over Cap” or over age 50. Otherwise you’re doing yourself a disservice.
02-12-2020, 08:10 AM
#672
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Originally Posted by ackeight
All I know is we don’t have a 37k employer limit. That’s where I’m coming from.
And also for the employee and employer. And how mich of each of those two contributors can provide in pre tax and after tax dollars.
02-12-2020, 08:37 AM
#673
Gets Weekends Off
Joined APC: Apr 2016
Position: Looking left
Posts: 3,262
I think BobZ and ackeight are saying they same thing.
(2019 numbers, no catchup)
Bob is correct that if the employee contributes their max $19K, then the company is ‘limited’ to contributing only $37K before the $56K limit is reached.
ack is correct that the $37K isn’t really a company ‘limit’ unless we are talking the situation above....if the employee contributes less than $19K, let’s say $0, then the company is ‘limited’ to their negotiated DC% relative to the 401(a) income limits of 280K...using the 16% that some legacies have, that would be $44.8K
(2019 numbers, no catchup)
Bob is correct that if the employee contributes their max $19K, then the company is ‘limited’ to contributing only $37K before the $56K limit is reached.
ack is correct that the $37K isn’t really a company ‘limit’ unless we are talking the situation above....if the employee contributes less than $19K, let’s say $0, then the company is ‘limited’ to their negotiated DC% relative to the 401(a) income limits of 280K...using the 16% that some legacies have, that would be $44.8K
Last edited by DWC CAP10 USAF; 02-12-2020 at 08:39 AM. Reason: .
02-12-2020, 01:27 PM
#677
Gets Weekends Off
Joined APC: Jun 2015
Posts: 4,116
Originally Posted by Omniscient
Only a few years ago the discussion in Congress was to lower the amount you’re able to contribute.
Or stop it
02-12-2020, 02:51 PM
#678
Gets Weekends Off
Joined APC: Sep 2013
Position: On the hotel shuttle
Posts: 5,819
It's only a matter of time before this "back door" stuff goes away.
https://www.wsj.com/articles/after-s...xt-11579257004
https://www.wsj.com/articles/after-s...xt-11579257004
02-14-2020, 08:56 PM
#680
Hire me
Joined APC: Jan 2007
Posts: 406
Originally Posted by 45guy
Medevac company in Alaska
year 7 LR45 PIC
Gross pay $141,000
includes PTO cash out ~ $4000
volunteered to work avg 1-2 extra days/month
on call: 20 days/month
actual: 8 flights/month
year 7 LR45 PIC
Gross pay $141,000
includes PTO cash out ~ $4000
volunteered to work avg 1-2 extra days/month
on call: 20 days/month
actual: 8 flights/month
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