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Old 01-10-2019, 02:06 PM
  #131  
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Originally Posted by JoePatroni
Once you hit the IRS max, your options are almost nil. A defined benefit plan would be additional money.
I think that is my overall point. A defined benefit plan is still coming out of my over all pay, no free money or lunch hiding here.

Additionally do you have any examples of people who have maxed out their 401k limits and also received defined benefit accounts? If so show us examples of your wisdom.

In the end I want the money in my control. Fool me once...
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Old 01-10-2019, 02:47 PM
  #132  
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Originally Posted by Regularguy
I think that is my overall point. A defined benefit plan is still coming out of my over all pay, no free money or lunch hiding here.

Additionally do you have any examples of people who have maxed out their 401k limits and also received defined benefit accounts? If so show us examples of your wisdom.

In the end I want the money in my control. Fool me once...
I think Northwest had something similar they referred to as a “Top Hat.”
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Old 01-10-2019, 03:39 PM
  #133  
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Joe

In the end this is just an exercise in jawing because no matter what you all negotiate in this coming contract it won’t help me.

Just seen too many promises vaporize legally and warn others that a $ in the hand is better than a promise at the end of the flight.

East bound promises on a west wound flight.

Good luck to you and achieving your financial goals.
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Old 01-10-2019, 06:11 PM
  #134  
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Originally Posted by Duckdude
And I’m sure the company appreciated not having to put the 16% contribution into your B fund or pay profit sharing on that money.
No clue what your talking about
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Old 01-10-2019, 06:38 PM
  #135  
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Originally Posted by All In
The way I read it, He is still getting his 16% match.
He got assigned a week and had no plans to go anywhere on his vacation. He bids a high time line - minimize working for free. and then, after being awarded his line. move his vacation days around in the month to where he can add another trip.
Be careful. NOPAC is gonna call you an idiot that doesn’t understand “working for free”
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Old 01-10-2019, 07:11 PM
  #136  
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Originally Posted by Zenofzin
No clue what your talking about
This is from ALPA:

The Company does not make the 16% B/C fund contributions on the value of any days that are forfeited to your PRAP or RHA. Also, forfeited vacation days are not considered earnings for Profit Sharing payments. You may lose money by forfeiting days.
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Old 01-10-2019, 07:20 PM
  #137  
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Originally Posted by Duckdude
This is from ALPA:

The Company does not make the 16% B/C fund contributions on the value of any days that are forfeited to your PRAP or RHA. Also, forfeited vacation days are not considered earnings for Profit Sharing payments. You may lose money by forfeiting days.
In his example he’s not forfeiting vacation days...
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Old 01-10-2019, 07:33 PM
  #138  
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Originally Posted by Regularguy
Joe

In the end this is just an exercise in jawing because no matter what you all negotiate in this coming contract it won’t help me.

Just seen too many promises vaporize legally and warn others that a $ in the hand is better than a promise at the end of the flight.

East bound promises on a west wound flight.

Good luck to you and achieving your financial goals.
I only have ten years left so a new DB plan wouldn’t do me much good either but I think people need to start thinking outside the box to increase their retirement....unless the IRS moves the cap higher.
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Old 01-10-2019, 07:45 PM
  #139  
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Originally Posted by Duckdude
This is from ALPA:

The Company does not make the 16% B/C fund contributions on the value of any days that are forfeited to your PRAP or RHA. Also, forfeited vacation days are not considered earnings for Profit Sharing payments. You may lose money by forfeiting days.
Ya I think you misunderstood me I didn’t forfeit any days.
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Old 01-10-2019, 07:49 PM
  #140  
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Originally Posted by Zenofzin
I use a couple of my vacation weeks every year that I get stuck with in months I don’t want to stick extra in my 401k. Just bid high time credit shuffle vacation days around you can get 110 plus hours credit easy, shove some in your 401k and you never even notice it. I had 3 115 hour months that I basically put $9000 total in my 401k and never saw a dent in my checks!
what do you mean "shuffle vacation days around" ? can we move vacation days real time to pick up trips? Who does it? the crew desk?
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