Allow Airlines Employees To Rebuild Retirement Program Without Penalty From Federal Government
President Barack Obama on Thursday signed H.R. 2591 into law. H.R. 2591 is the companion bill to S. 2614, legislation authored by U.S. Sen. Jim Inhofe (R-OK), co-chair of the Senate Pilot’s Caucus, and U.S. Sen. Sherrod Brown (D-OH), chairman of the Senate Finance Subcommittee on Social Security, Pensions and Family Policy, that extends to American Airline employees the option to contribute recently received bankruptcy settlements into retirement accounts without incurring a tax penalty.