A bill to add a new title to the Social Security Act to provide for a minimum annual income of $3,750 in the case of single individuals and $5,000 in the case of married couples.

Provides under the Social Security Act for a minimum annual income of $3,750 in the case of a single individual and $5,000 in the case of married couples aged 62 and over.

Sets forth provisions governing the determination of annual income and payment of benefits.