Older Americans Relief Act

[AI summary unavailable — showing source text] Older Americans Relief Act. Title I: Amendments to Social Security Act and Internal Revenue Code of 1954 - Amends Title II (Old-Age, Survivors, and Disability Insurance) of the Social Security Act to decrease from 72 to 65 the age at which earnings limitations are no longer applicable. Provides benefits under such title to husbands, widowers, and fathers on the same basis as wives, widows, and mothers who presently receive benefits. Eliminates the five month waiting period which is presently a prerequisite of eligibility for disability insurance benefits. Continues benefit entitlement under Title II through the month of the insured individual's death. Amends the Internal Revenue Code of 1954 and Title II of the Social Security Act to allow an individual who has attained age 65 to elect to treat any employment or self- employment performed by such individual as not covered for social security benefit purposes and exempt from social security taxes. Requires that such election be irrevocable for such taxable year. Sets forth the applicability of, manner of, and special refunds arising out of, such exemption. Eliminates marriage or remarriage of a beneficiary as a factor in terminating…