Congressman Sponsors Airline Pension Fairness Act | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne 08.22.14 ** HD iPad-Friendly -- Airborne 08.22.14 **
** Airborne 08.20.14 ** HD iPad-Friendly -- Airborne 08.20.14 **
** Airborne 08.18.14 ** HD iPad-Friendly -- Airborne 08.18.14 **

Fri, May 25, 2012

Congressman Sponsors Airline Pension Fairness Act

APA Applauds U.S. Rep. Robert E. Andrews For Bill To Extend Special Pension Funding Rules

The APA, which represents the pilots of American Airlines, issued a statement Wednesday praising U.S. Representative Robert E. Andrews (D-NJ) for sponsoring the Airline Pension Fairness Act of 2012 (H.R. 5715), which calls for extending special pension funding rules for commercial airlines.

“We are pleased that Representative Andrews has taken this step on behalf of the hard-working men and women of our nation’s commercial airlines,” said APA President Captain Dave Bates (pictured). “Our industry has faced a series of unprecedented challenges during the past decade, which have in turn placed severe pressure on the retirement security of tens of thousands of airline employees.”

The Airline Pension Fairness Act of 2012 would amend the Pension Protection Act of 2006 by extending special funding rules for certain retirement plans maintained by commercial airlines. The Pension Protection Act of 2006 was designed to encourage carriers to continue honoring their pension obligations to employees. That legislation gave pension plan sponsors more time to make required pension contributions while making it more costly for them to terminate pension plans.

“We would like to thank Representative Andrews for taking this important step and we encourage Congress to promptly adopt the Airline Pension Fairness Act of 2012,” Bates said.

FMI: www.alliedpilots.org

Advertisement

More News

Experimental SpaceX Vehicle Lost In TX Test Flight

As SpaceX Knows, That's Why They Call Them 'Test Flights' Initial Report by ANN Space Correspondent, Wes Oleszewski "So we're 5-for-5 testing on this Grasshopper. Wahoo! But, but t>[...]

Airborne 08.22.14: Russians Nix Global Gyro, Alphabets Fight FAA, F-16s Cracking

Also: Ferguson TFR, Soaring Company's S.O.S., High Altitude Balloons, Remembering Vicki Cruse An attempt to fly the first gyrocopter around the world by Norman Surplus has been foi>[...]

Aero-TV: Honoring Our Legacy - Recrafting Paul’s Game-Changing Baby Ace

A Bit Of History Lovingly Restored To The Sport Aviation World ANN's Michael Maya Charles had to search around at EAA AirVenture 2014 to find this story. The Aeroplane Factory buil>[...]

Airborne 08.22.14: Russians Nix Global Gyro, Alphabets Fight FAA, F-16s Cracking

Also: Ferguson TFR, Soaring Company's S.O.S., High Altitude Balloons, Remembering Vicki Cruse An attempt to fly the first gyrocopter around the world by Norman Surplus has been foi>[...]

ANN's Daily Aero-Linx (08.23.14)

National Association of Priest Pilots The stated purpose of is group is to promote the use of private aircraft as a practical, safe, and efficient tool of the apostolic work of a p>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC