Page:United States Statutes at Large Volume 104 Part 2.djvu/682

 104 STAT. 1388-274 PUBLIC LAW 101-508—NOV. 5, 1990 42 USC 428 note. (b) EFFECTIVE DATE—The amendment made by subsection (a) shall apply with respect benefits payable on the basis of applications filed after the date of the enactment of this Act. SEC. 5115. ELIMINATION OF ADVANCED CREDITING TO THE TRUST FUNDS OF SOCIAL SECURITY PAYROLL TAXES. (a) IN GENERAL.— Section 201(a) (42 U.S.C. 401(a)) is amended— (1) in the first sentence following clause (4)— (A) by striking "monthly on the first day of each calendar month" both places it appears and inserting "from time to time"; (B) by striking "to be paid to or deposited into the Treasury during such month" and inserting "paid to or deposited into the Treasury"; and (2) in the last sentence, by striking "Fund;" and inserting "Fund. Notwithstanding the preceding sentence, in any case in which the Secretary of the Treasury determines that the assets of either such Trust Fund would otherwise be inadequate to meet such Fund's obligations for any month, the Secretary of the Treasury shall transfer to such Trust Fund on the first day of such month the amount which would have been transferred to such Fund under this section as in effect on October 1, 1990; and". 42 USC 401 note. (c) EFFECTIVE DATE. —The amendments made by this section shall become effective on the first day of the month following the month in which this Act is enacted. SEC. 5116. ELIMINATION OF ELIGIBILITY FOR RETROACTIVE BENEFITS FOR CERTAIN INDIVIDUALS ELIGIBLE FOR REDUCED BENE- FITS. (a) IN GENERAL.— Section 2O20')(4) (42 U.S.C. 4O20')(4)) is amended— (1) in subparagraph (A), by striking "if the effect" and all that follows and inserting "if the amount of the monthly benefit to which such individual would otherwise be entitled for any such month would be subject to reduction pursuant to subsection (q)."; and (2) in subparagraph (B), by striking clauses (i) and (iv) and by redesignating clauses (ii), (iii), and (v) as clauses (i), (ii), and (iii), respectively. 42 USC 402 note. (b) EFFECTIVE DATE. — The amendments made by this section shall apply with respect to applications for benefits filed on or after January 1, 1991. SEC. 5117. CONSOLIDATION OF OLD METHODS OF COMPUTING PRIMARY INSURANCE AMOUNTS. (a) CONSOUDATION OF COMPUTATION METHODS.— (1) IN GENERAL. —Section 215(a)(5) (42 U.S.C. 415(a)(5)) is amended— (A) by striking "For purposes of and inserting "(A) Subject to subparagraphs (B), (C), (D) and (E), for purposes of; (B) by striking the last sentence; and (C) by adding at the end the following new subparagraphs: "(B)(i) Subject to clauses (ii), (iii), and (iv), and notwithstanding any other provision of law, the primary insureince amount of any individual described in subparagraph (C) shall be, in lieu of the

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