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

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

Airborne-YouTube

Airborne 04.16.18

Airborne-UnManned 04.17.18

Airborne 04.18.18

AMA Drone Report 04.19.18

Airborne 04.20.18

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

AMA Drone Report 04.12.18: AMA Counters CDA, Night FPV, Google Drone Issues

Also: Drone Assists SAR, Strategic UAV Partnership, Russian Mail Drone Crash, Gold Coast Commonwealth Games As noted in the last AMA Drone Report, the Commercial Drone Alliance has>[...]

Airborne 04.18.18: FAA Reauthorization, New Bose, Std. Libelle 201 BE

Also: USAF Changes ARFF Standards, Aims Community College, Trent 1000 Package C Update, Global 7000 Extends The House Transportation and Infrastructure Committee has introduced a b>[...]

Airborne-Unmanned 04.17.18: XPO 2018, Drone Broadcasts, Airbus Inspection Drone

Also: NZ AFB Drone Incident, Police UAVs, Inaugural Drone Boot Camp, Predator 5M Flight Hours This is it! THE major unmanned exposition of the year -- AUVSI XPONENTIAL 2018 starts >[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

AMA Drone Report 04.19.18: AMA Leadership, FAA Reauthorization, Coachella

Also: New French Regs, Drone Boot Camp, Public Safety Drone Standards, DroneShield Protects NASCAR It’s a little bit sad and yet a bit cool to see AMA make an exciting change>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC