Originally Posted by Overnitefr8

FDXLAG, I don't follow your working double logic either. If you use all your sick leave, you don't work on those days, but get paid for them. If you then do MUS you work those days, but don't get additional pay, you get your sick bank filled up again. So at the end of the year you haven't worked any more days than the person who didn't call in sick at all and had 72 hours remaining in the sick bank.

Originally Posted by FDXLAG

Except the only days you take off you are sitting at home coughing and sneezing. Your wife get sick of you and takes half your pension.

I contend you are working 72 hours more per year than I am if I dont do the make up sick and use all of my sick leave.

Originally Posted by Pakagecheck

Lag,
Sick time is a benefit that allows for a given amount of "healthy" days off a year. if you choose to fly on those days to do MUS, you are choosing to work and not make any more money.

Originally Posted by Adlerdriver

So, if you happen to get sick for a week while you're actually on days off, should you sick out of your next week long trip to ensure you get all your "healthy days off" for the year?

Originally Posted by Raptor

Be careful about putting excess PRE-TAX funds into a 401(k) and other qualified elective deferral plans. There's a limit each year under section 402(g).

IRS Announces Pension Plan Limitations for 2012

+The elective deferral (contribution) limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan is increased from $16,500 to $17,000.

+The catch-up contribution limit for those aged 50 and over remains unchanged at $5,500.

Let's say you max your 401(k) at $17000 for 2012 through PRE-TAX payroll deduction at FedEx. Then you have another source of PRE-TAX 401(k) contributions (another company you do some part-time work for, the Thrift Savings Plan from the military reserves/guard) or you have contributions through 403(b) plans--you will exceed the 402(g) limit and it will only be caught by you or the IRS.

Every source of contributions thinks they're following the IRS code and you appear to your employers/military to be within your max contribution limits, but only you, as the taxpayer, know you're over the 402(g) limit when they're all combined. This can cause a trigger with the IRS for audits and repayments with penalties.

Remember, though, that you can make as much AFTER-TAX 401(k) contributions as you wish. I'm not sure how the excess DSA payment is made...it is after tax I assume?

Originally Posted by Flyinhigh

... Other than After Tax Contributions, all of these are Pre Tax Contributions...

Originally Posted by Flyinhigh

The maximum contribution limit under IRC Section 415(c) for FedEx Pilots is $50,000 for 2012. This includes all contributions to the Money Purchase Pension Plan (B Fund), Employer Match, Pre Tax Contributions, After Tax Contributions, and Sick Bank Contributions. Other than After Tax Contributions, all of these are Pre Tax Contributions. Once the limit is reached, you will receive a check for any overage. The overage will be subject to standard witholding. The overage is calculated in the order I listed so your sick account is the last one that gets counted. For the over 50 crowd, the catch up contributiuons do not count against the $50K limit. Don't know how other contributions from outside sources count against this limit.
The Pilot Benefit Book, Section R, covers this in detail. Also, this is the section of the IRC that Washington is looking to limit to around 20K. Won't that be nice!

Originally Posted by Busboy

Are you sure about that?

Originally Posted by Flyinhigh

Yes, the ones I listed are all Pre Tax Contributions. The total amount of my sick bank contribution for 2011 went into the 401 with no taxes withheld. The only contribution that has any tax liability is the After Tax Contribution. If you get a Sick Bank Check for any surplus, it will be taxed.

Originally Posted by Flyinhigh

...Other than After Tax Contributions, all of these are Pre Tax Contributions...