A bill to amend title II of the Social Security Act to provide that increases in monthly insurance benefits thereunder (whether occurring by reason of increases in the cost of living of enacted by law) shall not be considered as annual income for purposes of certain other benefit programs.

Provides that increases in monthly insurance benefits under title II (Old Age, Survivors and Disability Insurance) of the Social Security Act (whether occurring by reason of increases in the cost of living or enacted by law) shall not be considered as annual income for purposes of other Social Security benefit programs if the net result of such increases would reduce the benefits available under the other programs.