Fri, May 25, 2012
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.
Also: Evolution Aircraft, Sporty’s/Savvy Breakdown Assistance, Comprehensive Jack Pelton Interview, Part 4 FAA administrator Michael Huerta came to town at EAA AirVenture 201>[...]
Leading Edge Sport Avionics Company Pushes The Envelope For Both Sport and General Aviation Markets! Founded in 2000, Dynon Avionics’ mission is to create the best avionics a>[...]
Pilot Training System Has A Knack For Educating Aviators... Via Innovative Programs Established in 2011, Pilot Training System’s (PTS) online flight-training solution provide>[...]
Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]
Trig Excels In Affordable Avionics That Fit YOUR Panel! Trig Avionics are experts in the design and manufacture of compact and innovative certified avionics for light aviation. Our>[...]