To provide for a study by the Secretary of Health and Human Services to develop recommendations for correcting the disparities in the computation of social security benefits (commonly referred to as the "notch problem") which were caused by the enactment (in 1977) of the present formula for computing primary insurance amounts under title II of the Social Security Act.

Directs the Secretary of Health and Human Services to conduct a study and report to the Congress and the Congressional Budget Office on proposals for correcting the disparities in benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act resulting under the present formula for computing the primary insurance amount of individuals born after 1916.