Page:United States Statutes at Large Volume 91.djvu/1586

 91 STAT. 1552

PUBLIC LAW 95-216—DEC. 20, 1977

1977. The amendments made by subsections (b) and (c) shall be effective January 1, 1978. ADJUSTMENT I N AMOUNT REQtTIRED FOR A QUARTER OP COVERAGE

Ante, p. 1549.

SEC. 352. (a) Section 213(a)(2)(A) (ii) of the Social Security Act, as amended by section 351(c) of this Act, is amended by striking out "$250" and inserting in lieu thereof "the amount required for a quarter of coverage in that calendar year (as determined under subsection

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(b) Section 213 of such Act is further amended by adding at the end thereof the following new subsection: "Amount Required for a Quarter of Coverage

Publication in Federal Register.

42 USC 409.

Ante, p. 1514.

Effective date. 42 USC 413 note.

"(d)(1) The amount of wages and self-employment income which an individual must have in order to be credited with a quarter of coverage in any year under subsection (a)(2)(A) ( i i) shall be $250 in the calendar year 1978 and the amount determined under paragraph (2) of this subsection for years after 1978. "(2) The Secretary shall, on or before November 1 of 1978 and of every year thereafter, determine and publish in the Federal Register the amount of wages and self-employment income which an individual must have in order to be credited with a quarter of coverage in the succeeding calendar year. The amount required for a quarter of coverage shall be the larger of— "(A) the amount in effect in the calendar year in which the determination under this subsection is made, or "(B) the product of the amount prescribed in paragraph (1) which is required for a quarter of coverage in 1978 and the ratio of the average of the total wages (as defined in regulations of the Secretary and computed without regard to the limitations specified in section 209(a)) reported to the Secretary of the Treasury or his delegate for the calendar year before the year in which the determination under this paragraph is made to the average of the total wages (as so defined and computed) reported to the Secretary of the Treasury or his delegate for 1976 (as published in the Federal Register in accordance with section 215(a)(1)(D)), with such product, if not a multiple of $10, being rounded to the next higher multiple of $10 where such amount is a multiple of $5 but not of $10 and to the nearest multiple of $10 in any other case.". (c) The amendments made by this section shall be effective January 1, 1978. TECHNICAL AND CONFORMING

42 USC 403.

AMENDMENTS

SEC. 353. (a)(1) Section 203(f)(8)(B)(i) of the Social Security Act is amended by striking out "was" wherever it appears and inserting in lieu thereof "is". (2) Section 203(f)(8)(B) (ii) of such Act is amended to read as follows: "(ii) the product of the exempt amount described in clause (i) and the ratio of (I) the average of the total wages (as defined in regulations of the Secretary and computed without regard to the limitations specified in section 209(a)) reported to the Secretary of the Treasury or his delegate for the calendar year before the calendar year in which the determination under subparagraph (A) is made to (II) the average of the total wages (as so defined

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