A bill to amend the Internal Revenue Code of 1954 to eliminate the requirement that States reduce the amount of unemployment compensation payable for any week by the amount of certain retirement benefits and to prohibit any reduction in unemployment compensation because of the receipt of social security or railroad retirement benefits.

Amends the Internal Revenue Code to eliminate the requirement that States reduce the amount of unemployment compensation payable for any week by the amount of pension, retirement or retired pay, annuity, or other similar payments.

Prohibits denial or reduction of unemployment compensation to an individual solely because of social security or railroad retirement benefits received.