Senate OKs Airline Pension Help | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 03.23.17

Airborne
03.27.17

Airborne
03.28.17

Airborne
03.22.17

Airborne
03.23.17

Airborne 03.24.17

Airborne-Unmanned 03.28.17

Airborne-YouTube

AMA 03.23.17

Airborne
03.27.17

Airborne
03.28.17

Airborne
03.22.17

Airborne
03.23.17

Airborne 03.24.17

Airborne-Unmanned 03.28.17

Fri, Nov 18, 2005

Senate OKs Airline Pension Help

Bill Faces Uphill Battle In House

By a 97-2 margin, the Senate Wednesday passed legislation to bolster the nation's troubled pension system, including special assistance for aiding airlines and retired pilots under 65.
 
An amendment to the Pension Stability and Transparency Act would give cash-strapped airlines the ability to stretch out payments to their underfunded pension plans over 20 years, according to the Atlanta Journal-Constitution. Such a grace period, it is hoped, would allow airlines to avoid cancelling their pension plans outright.

"We give hope for the employees to get their benefits," said Republican Sen. Johnny Isakson, who sponsored the airlines amendment which was passed on a voice vote. "Today was rewarding." 

The Senate also voted 58-41 to require full benefits for pilots forced by airline regs to retire at age 60, five years younger than the age for maximum pension insurance coverage.

The Senate pension bill now faces an uphill battle for approval in the House, however, which is considering its own pension-assistance bill. The House version does not include special provisions for airline employees.

The White House has also indicated it is opposed to the airline provision, according to media reports, although it supports the Senate version of the pension bill overall.

FMI: www.senate.gov

Advertisement

More News

Airborne-Unmanned 03.21.17: Heron 1 FOC, Canadian UAVs BVLOS, Quad Inspects C17

Also: Terra Drone, senseFly partners with MicaSense, Quadcopter Topology Optimization The Heron 1 UAV has attained Full Operational Capability (FOC), allowing two Republic of Singa>[...]

AMA Drone Report 03.23.17: New Canada Drone Regs, 'Anti-Drone' Race, Tiny Whoop

Also: SELFLY Camera-Kickstarter, Turtle Tracking Drones, Drones Save Lives! The Canadian government has recently released new regulations for recreational drone operators that carr>[...]

Airborne 03.27.17: Continental Motors ‘Overhaul’, Amazon Rotor, SpaceX DroneShip

Also: Boom Supersonic, Boeing 747-8, Boeing Grant, IKE's 300,000th, Rocket Lab, Duncan Aviation, Xplorer Mini Continental Motors seems to have a lot of faith in the future of aviat>[...]

Airborne 03.27.17: Continental Motors ‘Overhaul’, Amazon Rotor, SpaceX DroneShip

Also: Boom Supersonic, Boeing 747-8, Boeing Grant, IKE's 300,000th, Rocket Lab, Duncan Aviation, Xplorer Mini Continental Motors seems to have a lot of faith in the future of aviat>[...]

Airborne 03.24.17: GA v Privatization, FAA UAS $$$, Mexico Fines

Also: NASA Authorization, Av-Associations, Essential Air Services, Kite String, Rotax @SnF, Car v Plane, FAA Forecast With the need to authorize the FAA before September 30 of this>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC