[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[S. 191 Introduced in Senate (IS)]







110th CONGRESS
  1st Session
                                 S. 191

To provide pension relief for all air carriers with pension plans that 
                     are not frozen pension plans.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 4, 2007

 Mrs. Hutchison (for herself and Mr. Cornyn) introduced the following 
  bill; which was read twice and referred to the Committee on Health, 
                     Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
To provide pension relief for all air carriers with pension plans that 
                     are not frozen pension plans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. MODIFICATION OF THE INTEREST RATE FOR THE SPECIAL FUNDING 
              RULES OF THE PENSION PROTECTION ACT OF 2006.

    (a) Interest Rate.--Section 402 (a)(2) of the Pension Protection 
Act of 2006 is amended by inserting ``and by using, in determining the 
funding target for each of the 10 plan years during such period, an 
interest rate of 8.25 percent (rather than the segment rates calculated 
on the basis of the corporate bond yield curve)'' after ``such plan 
year''.
    (b) Effective Date.--The amendment made by this section shall take 
effect as if included in the provisions of the Pension Protection Act 
of 2006 to which such amendment relates.
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