Page:United States Statutes at Large Volume 97.djvu/130

 97 STAT. 98 PUBLIC LAW 98-21 —APR. 20, 1983 42 USC 402. 95 Stat. 1660. Effective date. 42 USC 402 note. "(7) For purposes of this subsection, the 'adjusted reduction period' for an individual's old-age, wife's, husband's, widow's, or widower's insurance benefit is the reduction period prescribed in paragraph (6) for such benefit, excluding—". (4) Section 202(q)(10) of such Act is amended— (A) in that part of the second sentence preceding clause (A), by striking out "or an additional adjusted reduction period"; (B) in clauses (B)(i) and (C)(i), by striking out ", plus the number of months in the adjusted additional reduction period multiplied by ''%4o of 1 percent"; (C) in clause (B)(ii), by striking out "plus the number of months in the additional reduction period multiplied by *%4o of 1 percent,"; and (D) in clause (C)(ii), by striking out "plus the number of months in the adjusted additional reduction period multiplied by *%4o of 1 percent.". (b) Section 202(m)(2)(B) of such Act (as applicable after the enact- ment of section 2 of Public Law 97-123) is amended by striking out "subsection (q)(6)(A)(ii)" and inserting in lieu thereof "subsection (q)(6)(B)". (c) The amendments made by this section shall apply with respect to benefits for months after December 1983. PART E—MECHANISMS TO ASSURE CONTINUED BENEFIT PAYMENTS IN UNEXPECTEDLY ADVERSE CONDITIONS NORMALIZED CREDITING OF SOCIAL SECURITY TAXES TO TRUST FUNDS 42 USC 401. SEC. 141. (a)(1) The last sentence of section 201(a) of the Social Security Act is amended— (A) by striking out "from time to time" each place it appears and inserting in lieu thereof "monthly on the first day of each calendar month"; and (B) by striking out "paid to or deposited into the Treasury" and inserting in lieu thereof "to be paid to or deposited into the Treasury during such month". (2) Section 201(a) of such Act is further amended by adding at the end thereof the following new sentence: "All amounts transferred to either Trust Fund under the preceding sentence shall be invested by the Managing Trustee in the same manner and to the same extent as the other assets of such Trust Fund; and such Trust Fund shall pay interest to the general fund on the amount so transferred on the first day of any month at a rate (calculated on a daily basis, and applied against the difference between the amount so transferred on such first day and the amount which would have been transferred to the Trust Fund up to that day under the procedures in effect on January 1, 1983) equal to the rate earned by the investments of such Fund in the same month under subsection (d).". 42 USC 13951. (b)(1) The last sentence of section 1817(a) of such Act is amended— (A) by striking out "from time to time" and inserting in lieu thereof "monthly on the first day of each calendar month"; and (B) by striking out "paid to or deposited into the Treasury" and inserting in lieu thereof "to be paid to or deposited into the Treasury during such month". (2) Section 1817(a) of such Act is further amended by adding at the end thereof the following new sentence: "All amounts transferred to the Trust Fund under the preceding sentence shall be invested by

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