This legislation proposes a significant amendment to the Railroad Retirement Act of 1974. Its primary goal is to eliminate certain deductions currently applied to annuities received under the Act. Specifically, the bill strikes subdivision (6) of Section 2(f) of the existing law. This provision typically mandates a reduction in railroad retirement annuities for individuals who are also entitled to Social Security benefits. By removing this subdivision, the bill aims to ensure that railroad retirees receive their full earned benefits without offset, thereby increasing their financial security.