Page:United States Statutes at Large Volume 97.djvu/140

 97 STAT. 108 PUBLIC LAW 98-21—APR. 20, 1983 "(D) with respect to an individual who attains early retire- ment age after December 31, 2016, and before January 1, 2022, 66 years of age plus the number of months in the age increase factor (as determined under paragraph (3)) for the calendar year in which such individual attains early retirement age; and "(E) with respect to an individual who attains early retire- ment age after December 31, 2021,67 years of age. "Early "(2) The term 'early retirement age' means age 62 in the case of retirement age." ^j^ old-age, wife's, or husband's insurance benefit, and age 60 in the case of a widow's or widower's insurance benefit. Age increase "(3) The age increase factor for any individual who attains early factor. retirement age in a calendar year within the period to which subparagraph (B) or (D) of paragraph (1) applies shall be determined as follows: "(A) With respect to an individual who attains early retire- ment age in the 5-year period consisting of the calendar years 2000 through 2004, the age increase factor shall be equal to two- twelfths of the number of months in the period beginning with January 2000 and ending with December of the year in which the individual attains early retirement age. "(B) With respect to an individual who attains early retire- ment age in the 5-year period consisting of the calendar years 2017 through 2021, the age increase factor shall be equal to two- twelfths of the number of months in the period beginning with January 2017 and ending with December of the year in which the individual attains early retirement age.". 42 USC 402. (b)(1) Section 202(q)(9) of such Act is amended to read as follows: "(9) The amount of the reduction for early retirement specified in parargaph (D— "(A) for old-age insurance benefits, wife's insurance benefits, and husband's insurance benefits, shall be the amount specified in such paragraph for the first 36 months of the reduction period (as defined in paragraph (6)) or adjusted reduction period (as defined in paragraph (7)), and five-twelfths of 1 percent for any additional months included in such periods; and "(B) for widow's insurance benefits and widower's insurance benefits, shall be periodically revised by the Secretary such that— "(i) the amount of the reduction at early retirement age Post, p. 112. as defined in section 216(a) shall be 28.5 percent of the full benefit; and "(ii) the amount of the reduction for each month in the reduction period (specified in paragraph (6)) or the adjusted reduction period (specified in paragraph (7)) shall be estab- lished by linear interpolation between 28.5 percent at the month of attainment of early retirement age and 0 percent at the month of attainment of retirement age.". (2) Section 202(q)(l) of such Act is amended by striking out "If and inserting in lieu thereof "Subject to paragraph (9), if. 42 USC 401. (c) Title II of the Social Security Act is further amended— (1) by striking out "age 65 or "age of 65", as the case may be, each place it appears in the following sections and inserting in lieu thereof in each instance "retirement age (as defined in section 216(1))": (A) subsections (a), (b), (c), (d), (e), (f), (q), (r), and (w) of 42 USC 402. section 202;

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