A bill to amend title IV of the Employee Retirement Income Security Act of 1974 to postpone, for 10 months, the date on which the corporation must pay benefits under terminated multiemployer plans.

Amends the Employee Retirement Income Security Act of 1974 to extend to May 1, 1980, the period during which the Pension Benefit Guaranty Corporation may pay benefits under terminated multiemployer plans under circumstances provided for in such Act.