Social Security Amendments

[AI summary unavailable — showing source text] Social Security Amendments- Title I: Establishment of Assured Annual Income Benefits Program for the Aged, the Blind, and the Disabled - Repeals title XVI (Supplemental Security Income Benefits) of the Social Security Act. Adds a new title to provide an assured minimum annual income for the aged, blind, and disabled. States that the amount of benefits payable shall be in an amount sufficient to assure an annual income of $3,850 in the case of single individuals and $5,200 in the case of married couples. Provides for the annual adjustment of the dollar amount of the minimum income benefit levels to account for changes in the cost of living. States that the Secretary of Health, Education and Welfare may provide additional increases in the case of elderly couples and individuals living in large metropolitan areas where the cost of living exceeds the national average. Authorizes appropriations of sums necessary to carry out this title. Eliminates actuarial reductions in benefits. Title II: Old Age Survivors and Disability Insurance Benefits - Establishes a new formula for computing the payment of benefits to married couples on the basis of their combined earning record. Increases the a…