Page:United States Statutes at Large Volume 49 Part 1.djvu/669

 624 74i x CONGRESS. SESS. I. CH. 531. AUGUST 14, 1935. When recipient dies (b) If the Board finds that the correct amount of the old-age before receiving total payable benefits. benefit payable to a qualified individual during his life under sec- tion 202 was less than 31/2 per centum of the total wages by which such old-age benefit was measurable, then there shall be paid to his estate a sum equal to the amount, if any, by which such 3 1/2 per centum exceeds the amount (whether more or less than the correct amount) paid to him during his life as old-age benefit. Adjustments when underpaid recipient (c) If the Board finds that the total amount paid to a qualified d ies. individual under an old-age benefit during his life was less than the correct amount to which he was entitled under section 202, and that the correct amount of such old-age benefit was 3 1/2 per centum or more of the total wages by which such old-age benefit was measur- able, then there shall be paid to his estate a sum equal to the amount, if an y, by wh ich the correct amount of the old-age benefit exceed s the amount which was so paid to him during his life. Payme nts to a ged in ° PAYMENTS TO AGED INDIVIDUALS NOT QUALIFIED FOR BENEFITS di viduals not qualified for benefits. Amount. SEC. 204 . (a) There shall be paid in a lump sum to any individual who, upon attaining the age of sixty-five, is not a qualified indi- vidual, an amount equal to 31/2 per centum of the total wages deter- mined by the Board to have been paid to him, with respect to employ- ment after December 31, 1936, and before he attained the age of sixty-five. Restriction on other (b) After any individual becomes entitled to any payment under payments. su bse ct ion (a), no other payment shall be made under this title in any manner measured by wages paid to him, except that any part of any payment under subsection (a) which is not paid to him before his death shall be paid to his estate. Amounts of $500 or less payable to estates. Regulations. AM OUNTS OF $500 OR L ESS PAYAB LE TO EST ATES SEC. 205. If any amount payable to an estate under section 203 or 204 is $500 or less, such amount may, under regulations prescribed by the Board, b e paid to the persons found by the Board to be entitled thereto under the law of the State in which the deceased was domiciled, without the necessity of compliance with the requirements of law with respect to the administration of such estate. Overpayments dur° O VERP AYM ENTS DUR ING LIF E ing life. Repayment from es- tate SEC. 206 . If the Board finds that the total amount paid to a quali- fied of recipient. fied individu al unde r an old -age be nefit du ring hi s life w as ore than the correct amount to which he was entitled under section 202, and was 31/2 per centum or more of the total wages by which such old-a ge benef it was measurab le, the n upon h is deat h there shall b e repaid to the United States by his estate the amount, if any, by which such to tal amo unt paid to him during his lif e exceed s which - ever of the following is the greater : (1) Such 31/2 per centum, or (2) the correct amount to which he was entitled under section 202. Method of making payments. Payment o n certific a- tion of Board. METHOD OF MAKING PAYMENTS SEC. 207. The Board shall from time to time certify to the Sec- retary of the Treasury the name and address of each person entitled to re ceive a payment under t his tit le, the amount of such payment , and the time at which it shoul d be ma de, and the Sec retary of the Treasury through the Division of Disbursement of the Treasury De- partm ent, and prior to audit or set tlement by the General Account -