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FedEx Discussions
Is The PPP Going Away?
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<blockquote data-quote="vantexan" data-source="post: 1080603" data-attributes="member: 24302"><p>As you know there was a 5 year period where those over 40 were given an extra 4% a year on their PPP payout. The last payment will come this year after May 31st. I've often wondered if there was a specific reason for 5 years and if things will change once that ended. If the PPP were ended, say in favor of just a 401k with a little better match, it most likely would have to come after the end of the fiscal year. It would definitely be a motivation to leave, because between the slow pay progression, the return of the payroll tax to 6.2%, the elimination of OT, and annual medical increases it would be very difficult to fund the 401k.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1080603, member: 24302"] As you know there was a 5 year period where those over 40 were given an extra 4% a year on their PPP payout. The last payment will come this year after May 31st. I've often wondered if there was a specific reason for 5 years and if things will change once that ended. If the PPP were ended, say in favor of just a 401k with a little better match, it most likely would have to come after the end of the fiscal year. It would definitely be a motivation to leave, because between the slow pay progression, the return of the payroll tax to 6.2%, the elimination of OT, and annual medical increases it would be very difficult to fund the 401k. [/QUOTE]
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