Page:United States Statutes at Large Volume 97.djvu/170

 97 STAT. 138 PUBLIC LAW 98-21—APR. 20, 1983 26 USC 1401, 3101, 3111. Effective date. 42 USC 911 note. Ante, p. 137. Fund, the Federal Hospital Insurance Trust Fund, and the Federal Supplementary Medical Insurance Trust Fund shall be treated as a separate major functional category in the budget of the United States Government as submitted by the President and in the con- gressional budget, and the receipts of such Trust Funds, including the taxes imposed under sections 1401, 3101, and 3111 of the Inter- nal Revenue Code of 1954, shall be set forth separately in such budgets.". (2) The amendment made by paragraph (1) shall apply with respect to fiscal years beginning on or after October 1, 1984, and ending on or before September 30, 1992, except that such amend- ment shall apply with respect to the fiscal year beginning on October 1, 1983, to the extent it relates to the congressional budget. (b) Effective for fiscal years beginning on or after October 1, 1992, section 710 of such Act (as added by subsection (a) of this section) is amended to read as follows: 26 USC 1401, 3101, 3111. 42 USC 403. 42 USC 416. Effective date. 42 USC 403 note. BUDGETARY TREATMENT OP TRUST FUND OPERATIONS "SEC. 710. (a) The receipts and disbursements of the Federal Old- Age and Survivors Insurance Trust Fund, the Federal Disability Insurance Trust Fund, and the Federal Hospital Insurance Trust Fund and the taxes imposed under sections 1401, 3101, and 3111 of the Internal Revenue Code of 1954 shall not be included in the totals of the budget of the United States Government as submitted by the President or of the congressional budget and shall be exempt from any general budget limitation imposed by statute on expenditures and net lending (budget outlays) of the United States Government. "(b) The disbursements of the Federal Supplementary Medical Insurance Trust Fund shall be treated as a separate major func- tional category in the budget of the United States Government as submitted by the President and in the congressional budget, and the receipts of such Trust Fund shall be set forth separately in such budgets. ". LIBERALIZATION OF EARNINGS TEST SEC. 347. (a) Section 203(f)(3) of the Social Security Act is amended by striking out "50 per centum of his earnings for such year in excess of the product of the applicable exempt amount as deter- mined under paragraph (8)" and inserting in lieu thereof the follow- ing: "33 Va percent of his earnings for such year in excess of the product of the applicable exempt amount as determined under paragraph (8) in the case of an individual who has attained retire- ment age (as defined in section 216(1)) before the close of such taxable year, or 50 percent of his earnings for such year in excess of such product in the case of any other individual". (b) The amendment made by subsection (a) shall apply only with respect to taxable years beginning after December 1989, and only in the case of individuals who have attained retirement age (as defined in section 216(1) of the Social Security Act). TITLE IV—SUPPLEMENTAL SECURITY INCOME BENEFITS INCREASE IN FEDERAL SSI BENEFIT STANDARD 42 USC I382f. SEC. 401. (a)(1) Section 1617 of the Social Security Act is amended by adding at the end thereof the following new subsection:

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