A bill to amend the Internal Revenue Code of 1954 to provide that certain aggregation rules will not apply for purposes of determining whether distributions from purchase money pension plans are eligible for rollover treatment.

Amends the Internal Revenue Code to permit a taxpayer to roll over complete distribution from a money purchase pension plan or report income from such distribution according to the ten year income averaging rules, even if there is no similar distribution from another pension plan of the same employer in which the taxpayer is a participant.