A bill to amend title II of the Social Security Act to provide that benefits (when based upon the attainment of retirement age) will be payable to both men and women at age 60, subject to the existing actuarial reduction, and that individuals with 30 years coverage may retire at age 62 with full benefits.

Provides that benefits under title II (Old Age, Survivors' and Disability Insurance) of the Social Security Act (when based upon the attainment of retirement age) will be payable to both men and women at age 60, subject to the existing actuarial reduction. Provides that individuals with 30 years' coverage (120 quarters) may retire at age 62 with full benefits under title II of the Social Security Act.