A bill to amend the Internal Revenue Code of 1954 and the Social Security Act to provide that fully insured individuals reaching the age of 65 may elect to institute a moratorium on old age insurance benefits, employee taxes and employer taxes, in order to continue working until choosing to retire.

[AI summary unavailable — showing source text] Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act and the Internal Revenue Code to permit a fully-insured individual reaching age 65 to elect to execute a voluntary moratorium which: (1) waives all rights to old-age insurance benefits; (2) exempts such an individual from employee taxes; and (3) exempts such an individual's employer from employer taxes.…