Proposal:Airline Pilots Retirement Security Act

This proposal is archived and closed to further debate. It was introduced in the 117th Congress, which has concluded, and the bill was not enacted into law.

Bill	HR 3038
Type of Legislation	House Bill
Congress	117
Status	Archived — 117th Congress concluded
Source	View original on Congress.gov

Geographic Scope

National

Description

Airline Pilots Retirement Security Act

This bill allows catch up contributions to tax-exempt retirement plans for employees subject to a federally-mandated retirement age, in the three years prior to and including such retirement age (e.g., airline pilots). The amount of such contribution is twice the current allowable amount.

The bill also modifies the cost-of-living adjustment to the defined contribution plan limit of a tax-exempt employer retirement plan.

Bill Title

Airline Pilots Retirement Security Act

Linked Goals

• Goal:Promote General Welfare

Steps

• 2021-05-07: Referred to the House Committee on Ways and Means.
• 2021-05-07: Introduced in House
• 2021-05-07: Introduced in House

Projected Outcome

A more informed proposal or public response aligned with the Promote General Welfare goal.