Page:United States Statutes at Large Volume 86.djvu/1381

 86 STAT. ]

PUBLIC LAW 92-603-OCT. 30, 1972

1339

(2) For purposes of paragraph (1)— (A) any deceased individual on whose wages and self-employment income the benefits of an individual referred to in paragraph (1) are based, shall be deemed not to have been entitled to benefits if the record, of insured individuals who were entitled to benefits, that is readily available to the Secretary contains no entry for such deceased individual; and »* (B) any deductions under subsections (b) and (c) of section 203 of such Act, applicable to the benefits of an individual ^4 Stat. 953 42 USC 4 0 3. referred to m paragraph (1) tor any month prior to September 1965, shall be disregarded in applying the provisions of Ante, p. 1337. section 202(q)(7) of such Act (as amended by this Act). (h) Where— (1) two or more persons are entitled to monthly benefits under section 202 of the Social Security Act for December 1972 on the 64 Stat. 482. basis of the wages and self-employment incx)me of a deceased individual, and one or more of such persons is so entitled under subsection (e) or (f) of such section 202, and ,^"^^' ^^' ^^^^ 1336. (2) one or more of such persons is entitled on the basis of such wages and self-employment income to monthly benefits under subsection (e) or (f) of such section 202 (as amended by this section) for January 1973, and (3) the total of benefits to which all persons are entitled under section 202 of such Act on the basis of such wages and selfemployment income for January 1973 is reduced by reason of 72 1017; section 203(a) of such Act, as amended by this Act (or would, but Ante, Stat. 410. p. for the penultimate sentence of such section 203(a), be so reduced), then the amount of the benefit to which each such person referred to in paragraph (1) is entitled for months after December 1972 shall in no case be less after the application of this section and such section 203(a) than the amount it would have been without the application of this section. (i) The amendments made by this section shall apply with respect Effective date, to monthly benefits under title II of the Social Security Act for months 53 Stat. 1362. after December 1972. '^ "«^ '^'• DELAYED RETIREMENT CREDIT

SEC. 103. (a) Section 202 of the Social Security Act is amended by ^4 Stat. 482; adding after subsection (v) thereof the following: ^^ ^*^*" ^^^' "Increase in Old-Age Insurance Benefit Amounts on Account of Delayed Retirement " (w)(1) If the first month for which an old-age insurance benefit becomes payable to an individual is not earlier than the month in which such individual attains age 65 (or his benefit payable at such age is not reduced under subsection (q)), the amount of the old-age 13^8'^' ^^' ^^^^" insurance benefit (other than a benefit based on a primary insurance amount determined under section 215(a)(3)) whicn is payable with- Ante, p. 1333, out regard to this subsection to such individual shall be increased by— " (A) 142 of 1 percent of such amount, multiplied by " (B) the number (if any) of the increment months for such individual. "(2) For purposes of this subsection, the number of increment months for any individual shall be a number equal to the total number of the months—

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