A bill to amend section 186 (c) of the Labor-Management Relations Act of 1947, as amended.

Amends the Labor-Management Relations Act of 1947 to provide that payments by employers to a pooled or individual trust fund for the purpose of providing specified employee insurance benefits shall be exempted from the restrictions on payments to labor organizations and employees under such Act. Stipulates that the detailed basis on which such payments are to be made shall be specified in a written agreement with the employer, and employees and employers shall be equally represented in the administration of the fund.