Small Corporate Employers Retirement Pension Plans Act of 1977

[AI summary unavailable — showing source text] Small Corporate Employers Retirement Pension Plans Act of 1977 - Amends the Internal Revenue Code to permit small corporate employers to establish a qualified trust or annuity plan for their employees by complying with a plan which prescribes minimum participation standards, minimum vesting standards, and minimum funding standards different from those presently applicable to qualifying trusts under the Internal Revenue Code. Allows an employer to take a limited income tax deduction for contributions to an employees' trust or annuity established under this Act.…