A bill to amend the Internal Revenue Code of 1954 to allow any active participant in a retirement plan a deduction for amounts of retirement savings paid by such individual in any taxable year before such individual's retirement rights vest under such plan.

[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.…