Page:United States Statutes at Large Volume 81.djvu/969

 81

STAT.]

PUBLIC LAW 90-248-JAN. 2, 1968

935

(12) and inserting in lieu thereof "; or", and by adding at the end thereof the following new paragraph: " (13) any payment or series of payments by an employer to an employee or any of his dependents which is paid— " (A) upon or after the termination of an employee's employment relationship because of (i) death, (ii) retirement for disability, or (iii) retirement after attaining an age specified in the plan referred to in subparagraph (B) or in a pension plan of the employer, and " (B) under a plan established by the employer which makes provision for his employees generally or a class or classes of his employees (or for such employees or class or classes of employees and their dependents), other than any such payment or series of payments which would have been paid if the employee's employment relationship had not been so terminated." (b) Section 3306(b) of such Code (definition of wages) is amended 7868A Stat. 447; Stat. 1077. by striking out "or" at the end of paragraph (8), by striking out the period at the end of paragraph (9) and inserting in lieu thereof "; or", and by adding at the end thereof the following new paragraph: "(10) any payment or series of payments by an employer to an employee or any of his dependents which is paid— " (A) upon or after the termination of an employee's employment relationship because of (i) death, (ii) retirement for disability, or (iii) retirement after attaining an age specified in the plan referred to in subparagraph (B) or m a pension plan of the employer, and " (B) under a plan established by the employer which makes provision for his emploj^^ees generally or a class or classes of his employees (or for such employees or class or classes of employees and their dependents), other than any such payment or series of payments which would have been paid if the employee's employment relationship had not been so terminated." (c) Section 209 of the Social Security Act (definition of wages) is 7/stat^*382?^' amended by striking out "or" at the end of subsection (k), by striking 42 USC 409. out the period at the end of subsection (1) and inserting in lieu thereof "; or", and by inserting after subsection (1) the following new subsection: " (m) Any payment or series of payments by an employer to an employee or any of his dependents which is paid— "(1) upon or after the termination of an employee's employment relationship because of (A) death, (B) retirement for disability, or (C) retirement after attaining an age specified in the plan referred to in paragraph (2) or in a pension plan of the employer, and "(2) under a plan established by the employer which makes provision for his employees generally or a class or classes of his employees (or for such employees or class or classes of employees and their dependents), other than any such payment or series of payments which would have been paid if the employee's employment relationship had not been so terminated." (d) The amendments made by this section shall apply with respect to remuneration paid after the date of the enactment of this Act. Approved January 2, 1968.

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