I 112th CONGRESS 2d Session H. R. 5715 IN THE HOUSE OF REPRESENTATIVES May 10, 2012 Mr. Andrews introduced the following bill; which was referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To amend the Pension Protection Act of 2006 to extend special funding rules for certain plans maintained by commercial airlines, and for other purposes.

1.

Short title

This Act may be cited as the Airline Pension Fairness Act of 2012.

2.

Special funding rules for certain plans maintained by commercial airlines

(a)

In general

Section 402(d)(1)(A) of the Pension Protection Act of 2006 (26 U.S.C. 430 note) is amended— (1)in the matter preceding clause (i), by striking either a plan year beginning in 2006 or a plan year beginning in 2007 and inserting a plan year beginning in 2006, a plan year beginning in 2007, a plan year beginning in 2012, or a plan year beginning in 2013; (2)in clause (i), by striking or; (3)in clause (ii), by striking the period; and (4)by adding at the end the following: (iii)not later than December 31, 2012, in the case of an election for a plan year beginning in 2012; or (iv)not later than December 31, 2013, in the case of an election for a plan year beginning in 2013. . (b)

Restriction on applicable benefit increases

Section 402(b)(3)(A) of such Act (26 U.S.C. 430 note) is amended by striking if no applicable benefit and all that follows to the end of the subparagraph and inserting the following: if—(i)in the case of a plan for which an election was made under subsection (a)(1) in which the first plan year to which such election applies is 2006 or 2007, no applicable benefit increase takes effect at any time during the period beginning on July 26, 2005, and ending on the day before the first day of the first applicable plan year; and (ii)in the case of a plan for which an election was made under subsection (a)(1) in which the first plan year to which such election applies is 2012 or 2013, no applicable benefit increase takes effect at any time during the period beginning on November 29, 2011, and ending on the day before the first day of the first applicable plan year. . (c)

Conforming amendment

Section 402(b)(4) of such Act (26 U.S.C. 430 note) is amended by inserting or November 29, 2011, as applicable, after July 26, 2005,. (d)

Effective Date

The amendments made by this section shall apply to plan years ending after the date of enactment of this Act.