To amend the Internal Revenue Code of 1986 to require that qualified cash or deferred arrangements allow certain long-term employees to participate.

[AI summary unavailable — showing source text] This bill amends provisions of the Internal Revenue Code relating to tax-preferred pension plans and arrangements to provide that qualified cash or deferred arrangements must allow long-term employees working more than 500 but less than 1,000 hours per year to participate in such arrangements.…