HR 3038 · 117th Congress · Taxation
Airline Pilots Retirement Security Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2021-05-07)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only