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S.998 - Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act

A bill to amend title IV of the Employee Retirement Income Security Act of 1974 to require the Pension Benefit Guaranty Corporation, in the case of airline pilots who are required by regulation to retire at age 60, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at age 60. view all titles (2)

All Bill Titles

  • Official: A bill to amend title IV of the Employee Retirement Income Security Act of 1974 to require the Pension Benefit Guaranty Corporation, in the case of airline pilots who are required by regulation to retire at age 60, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at age 60. as introduced.
  • Short: Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
05/12/11
 
 
 
 
 
 
 

Sponsor

A000069

Senator

Daniel Akaka

D-HI

View Co-Sponsors (16)

Official Summary

Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA), with regard to both single-employer and multiemployer plan guaranteed benefits, to require the Pension Benefit Guaranty Corporation (PBGC) , in the case

Official Summary

Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA), with regard to both single-employer and multiemployer plan guaranteed benefits, to require the Pension Benefit Guaranty Corporation (PBGC) , in the case of commercial airline pilots required by Federal Aviation Administration (FAA) regulation to retire before age 65, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at the required retirement age.

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Organizations Supporting S.998

  • United States Airline Pilots Association
  • Air Line Pilots Association, International

Organizations Opposing S.998

  • None via MapLight at this time.


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