Page:United States Statutes at Large Volume 68 Part 1.djvu/1097

 68 S T A T. ]

1065

PUBLIC LAW 761-SEPT. 1, 1954

shall be the amount determined under subparagraph (A) of this paragraph for an individual whose primary insurance benefit would (under paragraph (2) of this subsection as in effect prior to the enactment of the Social Security Amendments of 1954) produce such primary insurance amount; except that, if there is no primary insurance benefit which would (under such paragraph (2)) produce such primary insurance amount or if such primary insurance amount is higher than $77.10, the amount referred to in paragraphs (1)(B) and (2) of subsection (a) for such individual shall be the amount determined (i) by applying the formula in subsection (a)(1) to the average monthly wage from which such primary insurance amount was determined, (li) by increasing the amount determined under clause (i), if it is not a multiple of $0,10, to the next higher multiple of $0.10, and (iii) by further increasing such amount to the extent, if any, it is less than $5 greater than such primary insurance amount. " (C) If the provisions of subparagraphs (A) and (B) of this paragraph are both applicable to an individual, the amount referred to in paragraphs (1)(B) and (2) of subsection (a) for such individual shall be the larger of the amounts determined under such subparagraphs. "(3) For the purpose of facilitating the use of the conversion table in computing any insurance benefit under section 202, the Secretary is authorized to assume that the primary insurance benefit from which such benefit under section 202 is determined is one cent or two cents more or less than its actual amount. "(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 the application of the provisions of subsection (a)(1)(A) 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 (or to the next higher multiple of $1 if it is a multiple of $0.50)." (d)(1) The heading of subsection (d) of such section is amended to read "Primary Insurance Benefit and Primary Insurance Amount For Purposes of Conversion Table". (2) So much of such subsection (d) as precedes paragraph (1^ thereof is amended by inserting "and the primary insurance amounts ' after "primary insurance benefits". (3) So much of paragraph (4) of such subsection (d) as precedes subparagraph (A) is amended by inserting "(except 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)" after "individual". (4) Such subsection (d) is amended by adding after paragraph (5), added by section 106 of this Act, the following new paragraph: "(6) The primary insurance amount of any individual shall be computed as provided in this section as in effect prior to the enactment of this paragraph, except that the amendments made by sections 102 (b) (other than paragraph (2) thereof), 104, and 106 of the Social Security Amendments of 1954 (relating, respectively, to increase in benefit amounts, increase in earnings counted, and periods of disability) shall, to the extent provided by such sections, be applicable to such computation." (e)(1) Section 215(e) of such Act is amended by striking out "and" at the end of paragraph (1), by changing the period at the end of paragraph (2) to a semicolon, and by adding after such paragraph (2) the following new paragraph:

Ante, p. 1062.

42 USC 402; posf, pp. 1 0 7 3, 1 0 7 9, 1083, 1085.

42 USC 403; post, pp.

107

1078.

Post,

0,

107:J-

p. 1079.

Ante, p. 10 6 2; post, p p. 1 0 7 8, 1079.

PoBt, p p. 1078, 1080.

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