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Increased Retirement Savings for Pilots and Mandated Retirement Age Professions.

This act allows airline pilots and others with a federally mandated retirement age to contribute more to their retirement plans in the three years leading up to retirement. It also adjusts the cost-of-living limits for certain defined contribution plans, potentially allowing for greater overall savings for retirement.
Key points
Individuals with a federally mandated retirement age (e.g., pilots) can make double the standard catch-up contributions in their final three years of employment.
The law changes how cost-of-living adjustments are calculated for certain retirement plan contribution limits, potentially increasing the amount that can be saved.
These changes apply to contributions made in tax years beginning after December 31, 2020 (for catch-up contributions) and after December 31, 2021 (for contribution limits).
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Additional Information
Airline Pilots Retirement Security Act
Print number: HR 3038
Sponsor: Rep. Ferguson, A. Drew, IV [R-GA-3]
Process start date: 2021-05-07
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about Increased Retirement Savings for Pilots and Mandated Retirement Age Professions.

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is HR 3038.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-07.

What are the main provisions?

Key points include:

  • Individuals with a federally mandated retirement age (e.g., pilots) can make double the standard catch-up contributions in their final three years of employment.
  • The law changes how cost-of-living adjustments are calculated for certain retirement plan contribution limits, potentially increasing the amount that can be saved.
  • These changes apply to contributions made in tax years beginning after December 31, 2020 (for catch-up contributions) and after December 31, 2021 (for contribution limits).

What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Ferguson, A. Drew, IV [R-GA-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

Analysis and Potential Impact of HR 3038

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

CATEGORIES

Labor Taxes