Page:United States Statutes at Large Volume 102 Part 4.djvu/806

 102 STAT. 3776

PUBLIC LAW 100-647—NOV. 10, 1988

Code of 1986 for the calendar year in which the benefit year begins by 60, with this quotient being rounded down to the nearest multiple of $100. "(C) If the maximum daily benefit rate computed under such formula is not a multiple of $1, it shall be rounded to the nearest multiple of $1, with such rounding being upward in the event the amount computed is equidistant between two multiples of $1."; and (8) by inserting (4)" at the beginning of the last paragraph. 45 USC 352 note. Qji) EFFECTIVE DATES.—(1) Except as provided in paragraph (2), the amendments made by subsection (a) shall take effect on the date of the enactment of this Act. (2) The amendments made by paragraph (2) of subsection (a) shall apply with respect to registration periods beginning after June 30, 1988. SEC. 7202. QUALIFYING CONDITION. 45 USC 353. (a) IN GENERAL.—Section 3 is amended— (1) by inserting "with respect to the base year" after "his compensation"; and (2) by striking "$1,500 with respect to the base year" and inserting in lieu thereof "2.5 times the monthly compensation base for months in such base year as computed under section l(i) of this Act". 45 USC 353 note. 0>) EFFECTIVE DATE.—The amendments made by this section shall take effect on the date of the enactment of this Act. SEC. 7203. INCREASE IN MAXIMUM PERMITTED SUBSIDIARY REMUNERATION. 45 USC 351. (a) IN GENERAL.—The second paragraph of section l(k) is amended by striking out "$10" and inserting "$15 in lieu thereof. 45 USC 351 note. 0)) EFFECTIVE DATE.—The amendment made by this section shall take effect on July 1, 1988.

Subtitle C—Retirement Act Amendments 45 USC 23le.

SEC. 7301. ADDITIONAL LUMP SUM PAYMENT IN CERTAIN CASES. Section 6 of the Railroad Retirement Act of 1974 is amended by adding at the end thereof the following new subsection: "(e)(1) Every individual who will have completed ten years of service at the time of his retirement or death, who will have received compensation in the nature of separation or severance pay on or after January 1, 1985, and who would have been credited with additional months of service pursuant to section 3(i)(4) of this Act except for the fact that such individual was not in an employment relation to one or more employers nor an employee representative in such months, shall, at the time his annuity under section 2(a)(l) of this Act begins to accrue, be entitled to a lump sum in the amount provided under subdivision (2) of this subsection. If the full amount of a lump sum under this subsection cannot be determined at the time an individual's annuity under section 2(a)(l) begins to accrue, such lump sum shall be payable at such time thereafter as such amount can be determined. If an individual otherwise eligible for a limip sum under this section dies before he becomes entitled to an annuity under section 2(a)(l), or before he receives payment of such lump sum, such lump sum shall be payable to the person, if any, who is determined by the Board to be such individual's widow or

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