A bill to amend title II of the Social Security Act to improve the computation of an individual's old-age, survivors, and disability insurance benefits by providing a formula under which such benefits will reflect both the current wage levels at the time of such individual's entitlement and the length of such individual's coverage.

Provides that recipients of aid or assistance under the various Federal-State public assistance and medicaid programs under the Social Security Act; recipients of assistance under the veterans' pension and compensation programs; recipients of assistance under the Federal Food Stamp program; or any other Federal or federally assisted program will not have the amount of such aid or assistance reduced because of increases in monthly social security beneftis.