Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act

This bill aims to adjust how pension benefits are calculated for commercial airline pilots whose retirement plans are taken over by the Pension Benefit Guaranty Corporation (PBGC). Under current federal regulations, these pilots are required to retire earlier than the standard social security age of 65.

If enacted, the legislation would require the PBGC to calculate these pilots' monthly benefits based on their mandatory retirement age rather than age 65. This change is intended to prevent a reduction in pension payouts for pilots who are legally prohibited from working until the standard retirement age, ensuring their guaranteed benefits more accurately reflect their shortened career spans.