A bill to amend title II of the Social Security Act to provide under the retirement test a substantial increase in the amount of outside income permitted without loss of benefits, but with a requirement that income of all types and from all sources be included in determining the amount of an individual's income for purposes of such test.

Increases the amount of outside income permitted without loss of benefits under title II (Old-Age, Survivors' and Disability Insurance) of the Social Security Act.

Requires that income of all types and from all sources be included in determing the amount of an individuals income for purposes of such Act.

Provides that the amount of income permitted shall be the product of $833.33 multiplied by the number of months in the taxable year. (Amends 42 U.S.C. 403 (f))