Summary: S.998 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for S.998. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/12/2011)

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.