Social Security Amendments

[AI summary unavailable — showing source text] Social Security Amendments - Provides for a 15 percent increase in Old-Age, Survivors, and Disability Insurance benefits under title II of the Social Security Act. Establishes a $120 minimum primary insurance amount. Provides that an increase of earnings shall be counted for social security benefit and tax purposes under the Internal Revenue Code when it exceeds a specified base salary. Provides for full OASDI benefits for men at age 60 and for women at age 55. Provides that the benefit computation shall be based on an individual's 5 years of highest earnings. Provides for an increase in dropout years (in determining the average monthly wage for computing the primary insurance amount) for individuals with 40 quarters of coverage. Provides for wife's and widow's benefits without regard to age in cases of disability. Revises the definition of disability under title II of the Social Security Act. Provides that an individual shall be insured for disability insurance benefits in any month if he would have been a fully insured individual had he attained retirement age and filed application for benefits under the Social Security Act. Lowers the waiting period or time requirement for eligi…