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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

Airborne Hi-Def On YouTube

Airborne 07.20.15

Airborne 07.21.15

Airborne 07.22.15

Airborne 07.23.15

Airborne 07.24.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

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

AeroSports Update: Medical Rules For Pilots Without Medicals

Sport Pilots And Glider Pilots Flying Without Medicals Must Comply With Fit-For-Flight Rules In a letter sent to all U.S. Senators, the Airline Pilots Association’s (ALPA) pr>[...]

ANN's Daily Aero-Linx (07.29.15)

Homebuilt Homepage The Homebuilt Homepage is an index and reference on Homebuilt Experimental class aircraft and related information. This is a non-profit website.>[...]

ANN's Daily Aero-Term (07.29.15): Expect Departure Clearance Time

The time issued to a flight to indicate when it can expect to receive departure clearance. EDCTs are issued as part of Traffic Management Programs, such as a Ground Delay Program (>[...]

Aero-News: Quote Of The Day (07.29.15)

“The avionics repair shop industry in the U.S. has only 53 months remaining to equip the entire general aviation fleet of more than 100,000 aircraft with ADS-B Out equipment.>[...]

ANN FAQ: Getting The Word Out

Things To Know When You Send A News Release Aero-News gets hundreds of releases every week, ranging from industry giants like Boeing and Cessna to the smallest of flying clubs and >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC