A bill to amend the Internal Revenue Code of 1986 to provide that individuals who separated from service on account of early retirement before the date of the enactment of the Tax Reform Act of 1986 will be exempt from the additional tax on early distributions from qualified retirement plans.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude from the ten percent additional tax on early distributions from qualified retirement plans any distributions to an employee who separated from service on account of early retirement before the enactment of the Tax Reform Act of 1986.…