Retirement Income Improvement Act

[AI summary unavailable — showing source text] Retirement income improvement Act - States that the Congress hereby declares it to be the policy of the United States to eliminate poverty among older Americans and to seek ways of assuring that the retirement income of such Americans to the extent practicable will equal, in purchasing power, their income immediately prior to retirement. Establishes a National Commission on Retirement Income. States that the functions of the Commission shall be to make a complete study and investigation of the ways and means: (1) to eliminate poverty among older Americans; (2) to assure all retired older Americans a retirement income greater than the poverty line income established pursuant to the Economic Opportunity Act of 1964; (3) to assure at the earliest practicable time to all retired individuals a total retirement income that is in excess of the poverty line income established pursuant to the Economic Opportunity Act of 1964 and not less than an amount equal to 50 per cent of the income of such individuals in the years immediately preceding their retirement; (4) to establish reasonable and appropriate retirement income levels designed to protect retired individuals againist excessive diminu…