Page:United States Statutes at Large Volume 97.djvu/443

 PUBLIC LAW 98-76—AUG. 12, 1983 97 STAT. 411 Public Law 98-76 98th Congress An Act To amend the Railroad Retirement Act of 1974 and the Railroad Retirement Tax Act to assure sufficient resources to pay current and future benefits under the Railroad Retirement Act of 1974, to make technical changes, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the "Railroad Retirement Solvency Act of 1983". TITLE I—BENEFIT ADJUSTMENTS Aug. 12, 1983 [H.R. 1646] Railroad Retirement Solvency Act of 1983. 45 USC 231t note. 45 USC 231b. SEC. 101. (a) Section 3(a) of the Railroad Retirement Act of 1974 is amended— (1) by amending subdivision (2) to read as follows: "(2) For purposes of this subsection, individuals entitled to an annuity under paragraph (iv) or (v) of section 2(a)(l) of this Act shall 45 USC 23la. be deemed to be entitled to a disability insurance benefit under section 223 of the Social Security Act."; and 42 USC 423. (2) by adding at the end thereof the following new subdivision: "(3) In lieu of an annuity amount provided under subdivision (1), the annuity of an individual entitled to an annuity under paragraph (ii) of section 2(a)(1) of this Act which begins to accrue before the individual attains age 62 shall be in an amount equal to— "(i) for each month prior to the first month throughout which the individual is age 62, the amount (after any reduction on account of age but before any deductions on account of work) of the old-age insurance benefit to which such individual would have been entitled under the Social Security Act as of the date 42 USC 1305. on which such individual's annuity begins to accrue if such individual had attained age 62 on the first day of the month in which his or her annuity begins to accrue and if all of such individual's service as an employee after December 31, 1936, had been included in the term 'employment' as defined in that Act, using for purposes of this computation the number of benefit computation years applicable to a person born in the year in which such individual was born; and ". "(ii) for months beginning with the first month throughout which the individual is age 62, the amount (after any reduction on account of age but before any deductions on account of work) of the old-age insurance benefit to which such individual would have been entitled under the Social Security Act if all of such individual's service as an employee after December 31, 1936, had been included in the term 'employment' as defined in that Act. ", (b) Section 4(a) of the Railroad Retirement Act of 1974 is 45USe23lc. amended— (1) by striking out "spouses" in subdivision (2) and inserting in lieu thereof "if an individual is entitled to an annuity under paragraph (ii) of section 2(a)(l) of this Act which did not begin to 45 USC 23la.

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