Page:United States Statutes at Large Volume 66.djvu/814

 PUBLIC LAW 590-JULY 18, 1952

42 USC 415. 42 USC 403.

[66 S T A T.

(3) Section 215(c) of such Act is further amended by inserting after paragraph (3) the following new paragraph: " (4) For purposes of section 203(a), the average monthly wage of an individual whose primary insurance amount is determined under paragraph (2) of this subsection shall be a sum equal to the average monthly wage which would result in such primary insurance amount upon application of the provisions of subsection (a)(1) of this section and without the application of subsection (e)(2) or (g) of this section; except that, if such sum is not a multiple of $1, it shall be rounded to the nearest multiple of $1." Revision of the Benefit Formula; Revised Minimum and Maximum Amounts (b)(1) Section 215(a)(1) of the Social Security Act (relating to primary insurance amount) is amended to read as follows: "(1) The primary insurance amount of an individual who attained age twenty-two after 1950 and with respect to whom not less than six of the quarters elapsing after 1950 are quarters of coverage shall be 55 per centum of the first $100 of his average monthly wage, plus 15 per centum of the next $200 of such wage; except that, if his average monthly wage is less than $48, his primary insurance amount shall be the amount appearing in column II of the following table on the line on which in column I appears his average monthly wage. "I Average Monthly Wage

II Primary Insurance Amount

$34 or less $35 through $47

$25 $26"

(2) Section 203(a) of such Act (relating to maximum benefits) is amended by striking out "$150" and "$40" wherever they occur and inserting in lieu thereof "$168.75" and "$45", respectively. Effective Dates

42 USC 402.

Ante, p. 767.

(c)(1) The amendments made by subsection (a) shall, subject to the provisions of paragraph (2) of this subsection and notwithstanding the provisions of section 215(f)(1) of the Social Security Act, apply in the case of lump-sum death payments under section 202 of such Act with respect to deaths occurring after, and in the case of monthly benefits under such section for any month after, August 1952. (2)(A) I n the case of any individual who is (without the application of section 202(j)(1) of the Social Security Act) entitled to a monthly benefit under subsection (b), (c), (d), (e), (f), (g), o r (h) of such section 202 for August 1952, whose benefit for such month is computed through use of a primary insurance amount determined under paragraph (1) or (2) of section 215(c) of such Act, and who is entitled to such benefit for any succeeding month on the basis of the same wages and self-employment income, the amendments made by this section shall not (suDJect to the provisions of subparagraph (B) of this paragraph) apply for purposes of computing the amount of such benefit for such succeeding month. The amount of such benefit for such succeeding month shall instead be equal to the larger of (i) 1121/2 per centum of the amount of such benefit (after the application of sections 203(a) and 215 (g) of the Social Security Act as in effect prior to the enactment of this Act) for August 1952, increased, if it is not a multiple of $0.10, to the next higher multiple of $0.10, or (ii) the amount of such benefit (after the application of sections 203(a) and 215 (g) of the Social Security Act as in effect prior to the enactment of this Act) for August 1952, increased by an amount equal to

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