Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act

This bill aims to ensure that commercial airline pilots receive their full pension benefits if their airline’s retirement plan is taken over by the federal government. Under current law, the Pension Benefit Guaranty Corporation (PBGC) often reduces benefit payouts for workers who retire before age 65. Because federal regulations require pilots to retire at an earlier age, this bill would require the PBGC to calculate their benefits based on that mandatory retirement age rather than age 65. The practical impact is that retired pilots would be protected from receiving reduced pension checks simply because they were legally required to stop flying early.