Page:United States Statutes at Large Volume 97.djvu/107

 PUBLIC LAW 98-21 —APR. 20, 1983 97 STAT. 75 "(B) The applicable additional percentage by which the amounts described in subdivisions (I), (II), and (III) of paragraph (2)(A)(ii) are to be further increased under subparagraph (A) in the subsequent calendar year involved shall be the amount derived by— "(i) subtracting (I) the compounded percentage benefit increases that were actually paid under paragraph (2) and this paragraph from (II) the compounded percentage benefit increases that would have been paid if all increases under paragraph (2) had been made on the basis of the CPI increase percentage, "(ii) dividing the difference by the sum of the compounded percentage in subdivision (I) and 100 percent, and nearest one-tenth of 1 percent, with the compounded increases referred to in subdivisions (I) and (II) being measured— "(iv) in the case of amounts described in subdivision (I) of paragraph (2)(AKii), over the period beginning with the calendar year in which monthly benefits described in such subdivision were first increased on the basis of the wage increase percent- age and ending with such subsequent calendar year, and "(v) in the case of amounts described in subdivisions (II) and (III) of paragraph (2)(A)(ii), over the period beginning with the calendar year in which the individual whose primary insurance amount is increased under such subdivision (II) initially became eligible for an old-age or disability insurance benefit, or died before becoming so eligible, and ending with such subsequent calendar year; except that if the Secretary determines in any case that the applica- tion (in accordance with subparagraph (O) of the additional per- centage as computed under the preceding provisions of this subparagraph would cause the OASDI fund ratio to fall below 32.0 percent in the calendar year immediately following such subsequent year, he shall reduce such applicable additional percentage to the extent necessary to ensure that the OASDI fund ratio will remain at or above 32,0 percent through the end of such following year. "(C) Any applicable additional percentage increase in an amount described in subdivision (I), (II), or (III) of paragraph (2)(A)(ii), made under this paragraph in any calendar year, shall thereafter be treated for all the purposes of this Act as a part of the increase made in such amount under paragraph (2) for that year.". (d)(1) Section 215(i)(2)(C) of such Act is amended by adding at the 42 USC 415. end thereof the following new clause: "(iii) The Secretary shall determine and promulgate the OASDI fund ratio for the current calendar year and the SSA wage index for the preceding calendar year before November 1 of the current calendar year, based upon the most recent data then available, and shall include a statement of such fund ratio and wage index (and of the effect such ratio and the level of such index may have upon benefit increases under this subsection) in any notification made under clause (ii) and any determination published under subpara- graph (D).". (2) Section 215(i)(4) of such Act (as amended by section 111(c) of this Act) is further amended by striking out "section 111(a)(6) and (b)(2)" and inserting in lieu thereof "sections 111(a)(6), 111(b)(2), and 112".
 * (iii) multiplying such quotient by 100 and rounding to the

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