A bill to amend the Railroad Retirement Act of 1974 with respect to benefits payable to certain individuals who on December 31, 1974 had at least 10 years of railroad service and also were fully insured under the Social Security Act.

Amends the Railroad Retirement Act of 1974 to revise the computation of employee, spouse, and survivor annuities, with respect to railroad employees who as of December 31, 1974, had at least ten years of service and were fully insured under the Social Security Act.