A bill to amend title II of the Social Security Act to provide that monthly insurance benefits, when based upon attainment or retirement age, will be payable in full at age 62 and on an actuarially reduced basis at age 60.

Provides, under title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act, that monthly insurance benefits, when based upon attainment of retirement age, shall be payable in full at age 62 and on an actuarially reduced basis at age 60.