S. 998 · 112th Congress
Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act
- Stage
- In committee
- Sponsor
- Daniel Akaka
- Introduced
- 2011-05-12
- Latest action
- 2011-05-12 · Introduced in Senate
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.