A bill to amend title IV of the Employee Retirement Income Security Act of 1974 to postpone for one month the date on which the corporation must pay benefits under terminated multiemployer plans.

Amends the Employee Retirement Income Security Act of 1974 to postpone for two months (from August 1, 1980, to October 1, 1980) the date on which the Pension Benefit Guaranty Corporation must pay benefits under terminated multiemployer plans (i.e., prohibits the Corporation from making such payments to multiemployer pension plans which terminate before October 1, 1980, except in specified cases for which the Corporation is authorized to make such payments).