A bill to amend title II of the Social Security Act to provide that a husband and wife may elect to split their earnings for social security purposes upon the retirement of either or both of them, or upon their divorce, and to equalize the benefits payable to a retired worker and his or her spouse (on such worker's wage record) if they have not so elected.

Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to provide a married couple, at the time either or both of them become entitled to benefits, the option of splitting equally their combined earnings, which are attributable to the period of their marriage, for purposes of determining the eligibility for and amount of OASDI benefits to which each spouse is or may become separately entitled. Provides that if a couple exercises such option and one spouse is not fully insured, that spouse shall become fully insured by reason of crediting wages and self-employment income to that spouse.

Grants a couple, after a divorce, two years within which to exercise the option.

Provides that, if a couple chooses not to exercise the option, their benefit will be based on 75 percent of the combined primary insurance amount.