Page:United States Statutes at Large Volume 102 Part 4.djvu/787

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102 STAT. 3757

PUBLIC LAW 100-647—NOV. 10, 1988

pursuant to the program described in this section no later than December 31, 1989.

TITLE VII—RAILROAD UNEMPLOYMENT AND RETIREMENT PROGRAMS SEC. 7001. SHORT TITLE.

Railroad Unemployment Insurance and Retirement Improvement Act of 1988. 26 USC 367 note.

This title may be cited as the "Railroad Unemployment Insurance and Retirement Improvement Act of 1988". SEC. 7002. REFERENCES TO RAILROAD UNEMPLOYMENT INSURANCE ACT.

Except as otherwise expressly provided, whenever in this title an amendment or repeal is expressed in terms of an amendment to, or repeal of, a section or provision, the reference shall be considered to be made to a section or other provision of the Railroad Unemployment Insurance Act.

Subtitle A—Financing Provisions SEC. 7101. AMENDMENTS RELATING TO DEFINITION OF TION".

•COMPENSA-

(a) IN GENERAL.—Section l(i) is amended— 45 USC 351. (1) by inserting "(1) IN GENERAL.—" after "(i)"; (2) by striking out ": Provided, however. That in computing" and all that follows through "1983, shall be recognized." and inserting in lieu thereof ", except that in computing the compensation paid to any employee, no part of any month's compensation in excess of the monthly compensation base (as defined in subdivision (2)) for any month shall be recognized."; and (3) by adding at the end thereof the following new subdivision: "(2) MONTHLY COMPENSATION BASE.—

"(A) IN GENERAL.—For purposes of subdivision (1), the term 'monthly compensation base' means the amount— "(i) of $400 for calendar months before January 1, 1984, "(ii) of $600 for calendar months after December 31, 1983 and before January 1, 1989; and "(iii) computed under subparagraph (B) for months after December 31, 1988. "(B) COMPUTATION.—

"(i) IN GENERAL.—The amount of the monthly compensation base for each calendar year beginning after December 31, 1988, is the greater of— "(I) $600; or "(II) the amount, as rounded under clause (iii) if applicable, computed under the formula:

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