A bill to amend the Internal Revenue Code of 1954 to allow the deduction for individuals retirement savings to certain individuals who are active but unvested participants in employer pension plans.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow active participants in a retirement plan an income tax deduction for contributions to an individual retirement account in taxable years prior to the vesting of the individual's rights under the retirement plan. Requires prompt distribution of deducted contributions when employees' rights become vested.…