A bill to amend title II of the Social Security Act and the Internal Revenue Code of 1954 to provide that any individual may elect (on an annual basis) to contribute to a private retirement plan rather than participating in the social security program.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code and title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to authorize individuals who are enrolled in a private retirement plan to voluntarily exempt themselves from the Old Age, Survivors and Disability Insurance program.…