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Scott Applauds Passage of Airline Pension Bill
Delta Employees Benefit
Jul 28 -
Today, Congressman David Scott praised passage of H.R. 4, the Pension Protection Act, which includes airline pension relief. Passage of the Pension Protection Act provides for long-needed pension relief for defined benefit plans used by mature industries such as auto manufacturers. Congressman Scott has worked across party lines to ensure that Delta receives relief on its pension payment plan.
"Early in the legislative process I worked to ensure that Congress would include specific airline pension relief. Delta employees have made significant sacrifices to help save their airline and this provision gives them some relief," Congressman Scott said. "It is imperative that we help Delta keep its pension plan. We do not want the bankruptcy judge to dump the pension on the government backup agency."
The Act was passed by the House and Senate early in the year, but negotiation on the final product dragged on for months until the final product received approval late on Friday. The House pension bill must now receive final approval by the Senate and be signed into law by the president. Delta is the largest private employer in the 13th Congressional District.