A bill to amend the Age Discrimination in Employment Act of 1967 to prohibit compensated involuntary retirement.

Amends the Age Discrimination in Employment Act of 1967 to stipulate that it shall not be unlawful to employ an individual between the ages of 40 and 65 without including such individual in the employee retirement, pension or insurance plan if the exclusion is necessary to the economic survival of such plan. Prohibits the mandatory retirement of an employee between such ages under such a plan, but allows such a plan to cease to accrue benefits for an employee when the employee reaches a certain age if such cessation is necessary to the economic survival of the plan.