II
110th CONGRESS
1st Session
S. 191
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.
Modification of the interest rate for the special funding rules of the Pension Protection Act of 2006
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
.
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.