Airline employees Legislation - Federal Government

Amends the Pension Protection Act of 2006 to require commercial passenger airline pension plan sponsors electing not to utilitze the alternative funding schedule to use an interest rate of 8.25% in determining the funding target for each of the 10 plan years (rather than the segmented interest rates calculated on the basis of the corporate bond yield curve).

Amends the Pension Protection Act of 2006 to make technical corrections to special funding rules applicable to pension plans sponsored by commercial passenger airlines to provide for plans with plan years beginning on the first day of the month.

Freedom to Fly Act of 2007 - Allows a pilot who has attained 60 years of age to serve as a passenger airline pilot until the age of 65 years old only if the pilot serves: (1) as a required pilot in multi-crew aircraft operations; and (2) with another required pilot who has not yet attained 60 years of age. Terminates the age-60 rule (mandatory retirement age) 30 days after enactment of this Act.

Declares that such requirements shall not provide the basis for a claim of seniority made under any labor bargaining agreement in effect between the pilots and an air carrier by any pilot who has attained age 60 before the effective date of this Act and who is seeking a position as a pilot with such carrier following that pilot's termination or cessation of employment or promotion or transfer to another position with such air carrier.

Airport Security Enhancement Act of 2007 - Amends passenger and property screening provisions to require the screening by Transportation Security Administration (TSA) personnel of: (1) air carrier employees that board a passenger aircraft; and (2) as soon as practicable after the date of enactment of certain airport perimeter screening provisions, airport and air carrier employees, contractors, and vendors before entry into a secured area of an airport in the United States.

Requires the heads of specified hub airports and nonhub airports to: (1) submit to the Administrator of TSA a plan for comprehensive screening of all individuals entering a secure area of an airport; and (2) implement the comprehensive screening plan not later than 60 days after its submission.

Freedom to Fly Act of 2007 - Allows a pilot who has attained 60 years of age to serve as a passenger airline pilot until the age of 65 years old only if the pilot serves: (1) as a required pilot in multi-crew aircraft operations; and (2) with another required pilot who has not yet attained 60 years of age. Terminates the age-60 rule (mandatory retirement age) 30 days after enactment of this Act.

Declares that such requirements shall not provide the basis for a claim of seniority made under any labor bargaining agreement in effect between the pilots and an air carrier by any pilot who has attained age 60 before the effective date of this Act and who is seeking a position as a pilot with such carrier following that pilot's termination or cessation of employment or promotion or transfer to another position with such air carrier.

Pension Benefit Guaranty Corporation Pilots Equitable Treatment Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA), with regard to both single-employer and multiemployer plan guaranteed benefits, to require the Pension Benefit Guaranty Corporation, in the case of commercial airline pilots required by Federal Aviation Administration regulation to retire before age 65, to compute the actuarial value of monthly benefits in the form of a life annuity commencing at the required retirement age.

Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.

Airport Security Enhancement Act of 2007 - Amends federal transportation law to authorize the Assistant Secretary of Homeland Security (Transportation Security Administration) to: (1) designate certain airport areas (tarmacs, aircraft, baggage handling areas, baggage loading areas, and such other areas as the Assistant Secretary determines appropriate) as Federal Special Security Zones; and (2) issue a badge authorizing certain qualified individuals access to such zones. Restricts access to a Federal Special Security Zone to individuals who require access because of their employment and who have obtained a badge. Prohibits the use of a state issued badge to gain access to a Federal Special Security Zone.

Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.

Requires an air carrier that furloughs an airline employee to retain such employee on a recall list for not less than 10 years after the furlough, provided the air carrier: (1) receives more than $100 million in federal assistance; and (2) places such employee on furlough not later than two years after receiving such assistance. Requires such air carrier, before employing a person who is not on the recall list, to recall an employee from the recall list if such employee was employed in a position comparable to the position the air carrier seeks to fill.

Authorizes a furloughed employee (including any labor organization that represents such employee) to bring an action in U.S. district court to enforce this Act.