Tony Hatch, Holly Knight and JD Souther will also be honored at the June 13 ceremony.
The Songwriting Hall of Fame's 44th annual slate of inductees have been announced: Tony Hatch, Mick Jones & Lou Gramm, Holly Knight, JD Souther and Steven Tyler & Joe Perry will join previous recipients like Willie Nelson, Paul Simon, Sam Cooke and John Lennon.
"Each of our 2013 inductees has been responsible for captivating the world with their creativity for decades, serving up a rich variety of songs for our global soundtrack," said Hall chairman Jimmy Webb in a release. "We are looking forward to celebrating their contributions at our Annual Awards Gala."
The ceremony will be held June 13 at the Marriott Marquis Hotel in Manhattan.