A bill to provide joint and survivors' annuity benefits under private pension plans based upon the participant's vested benefit.

[AI summary unavailable — showing source text] Amends the Employees Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 to provide that, in order for a pension plan to provide annuity benefits in a form having the effect of a qualified joint and survivor annuity, such plan must, if the participant dies before the earliest retirement age, provide a survivor's annuity for the spouse which: (1) begins on the annuity starting date; and (2) makes payments not less than those which would have been made if the participant had separated from the service immediately before such person's death.…