A bill to amend title II of the Social Security Act to provide a 50-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 50-percent across-the-board increase in benefits under Title II of the Social Security Act (Old-Age, Survivors, and Disability Insurance Benefits) with the resulting benefit costs being borne equally by employers, employees, and the Federal Government. Increases the amount of outside earnings which a beneficiary may have without suffering deductions from his benefits from $175 per month to $250 per month.