A bill to amend title II of the Social Security Act to provide a 15-percent across-the-board increase in benefits thereunder, with the resulting benefit costs being borne equally by employers, employees, and the Federal Government, and to raise the amount of outside earnings which a beneficiary may have without suffering deductions from his benefits.

Provides for a 15-percent across-the-board increase in benefits under (Old-Age, Survivors', and Disability Insurance), with the resulting benefit costs being borne equally by employers, employees, and the Federal Government. Increases to $3,000 the amount of outside earings which a beneficiary may have without suffering deductions from his benefits under title II of the Act.