A bill to amend title II of the Social Security Act to provide increases in primary insurance amounts to account for depressed replacement rates.

[AI summary unavailable — showing source text] Amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to require the Secretary of Health and Human Services to prescribe annual adjustments to the formula for determining the primary insurance amount in order to ensure that the replacement rate for the primary insurance amount for January of the following year does not fall below a specified percentage.…