Some of the widebody captains are currently making 40-50 grand a month. Let's say they max their 401k on the first check and their last few dollars of earnings are in the 35% tax rate thats a savings of 9100 on their 26000 401k contribution. Many also have sick banks to burn.

Am I missing something here? I'm still going to be receiving a paycheck for two years (hopefully lol) and I just assumed 401k contributions would continue as before.

Your company contribution will continue. The rub for this particular individual was that he couldn’t continue to put in HIS OWN money.

Sorry to be so dense, I still don't understand.

For two years, I will still be a United Pilot for pay purposes. I will be able to go to my PRAP page, and designate a percentage of my pay to contribute to my 401k on a pre-tax basis. I could even designate a post-tax amount, if I wanted to exceed $64k. Is this not correct?

Thanks.

I made that point and asked that question of him because I didn’t get it either. Sounds like a PDR might be in order.

From PVSL2 FAQ’s,

Q18. Will pilots on P-VSL receive company contributions (employer contributions) to their PRAP?
A. Yes, 16% B/C Plan contribution is the same as for an active pilot.
Q19. Can P-VSL pilots contribute (employee contributions) to the PRAP? A. Yes, it is the same as for an active pilot.
Q20. Will I receive RHA contributions?
A. Yes. These contributions will be the same as for an active pilot.

Sounds like the guy was just making up some BS for why he didn’t want to retire early.....or he just couldn’t be bothered to actually read the offer and make an informed decision.

I agree with you. 63 1/2.....737 CA. He would have lined up perfectly for this; same thing with the last one. I’m not sure how much better he thinks he will do grinding it out to the bitter end.

Maybe he’s hoping to still be here when Insler swaps the RJ scope for a senior-pilot annuity.

probably hoping for them to push age 65 also