A bill to amend the Internal Revenue Code of 1954 to permit certain retroactive amendments in qualified pension plans and to change certain provisions concerning qualification of pension plans.

[AI summary unavailable — showing source text] Provides that under the Internal Revenue Code pension, profit-sharing, and stock bonus plans will not be deemed to have failed to meet qualification standards because of the excluding of employees covered by a collective-bargaining agreement which does not specifically provide for their inclusion. (Amends 26 U.S.C. 401)…