9 1 fits under section 202 (a) or section 223 before January 2 1971, or who died before such month." 3 (e) The amendments made by this section shall apply 4 with respect to monthly benefits under title II of the Social 5 Security Act for months after December 1970 and with re 6 spect to lump-sum death payments under such title in the case of deaths occurring after December 1970. 8 (f) If an individual was entitled to a disability insur 9 ance benefit under section 223 of the Social Security Act 10 for December 1970 and became entitled to old-age insurance 11 benefits under section 202 (a) of such Act for January 1971, 12 or he died in such month, then, for purposes of section 215 13 (a) (4) of the Social Security Act (if applicable), the 14 amount in column IV of the table appearing in such section 15 215 (a) for such individual shall be the amount in such col 16 umn on the line on which in column II appears his primary 17 insurance amount (as determined under section 215 (c) of 18 such Act) instead of the amount in column IV equal to the primary insurance amount on which his disability insurance 20 benefit is based. 23 INCREASE IN BENEFITS FOR CERTAIN INDIVIDUALS AGE 72 AND OVER SEC. 102. (a) (1) Section 227 (a) of the Social Secu 24 rity Act is amended by striking out "$46" and inserting in 25 lieu thereof "$48.30", and by striking out "$23" and in26 serting in lieu thereof “$24.20”. 10 1 (2) Section 227 (b) of such Act is amended by striking 2 out "$46" and inserting in lieu thereof "$48.30". 3 (b) (1) Section 228 (b) (1) of such Act is amended by 4 striking out "$46" and inserting in lieu thereof "$48.30". 5 (2) Section 228 (b) (2) of such Act is amended by 6 striking out "$46" and inserting in lieu thereof "$48.30", 7 and by striking out "$23" and inserting in lieu thereof 8 "$24.20". 11 13 9 (3) Section 228 (c) (2) of such Act is amended by 10 striking out "$23" and inserting in lieu thereof "$24.20". (4) Section 228 (c) (3) (A) of such Act is amended 12 by striking out "$46" and inserting in lieu thereof "$48.30". (5) Section 228 (c) (3) (B) of such Act is amended 14 by striking out "$23" and inserting in lieu thereof "$24.20". (c) The amendments made by subsections (a) and (b) 16 shall apply with respect to monthly benefits under title II 17 of the Social Security Act for months after December 1970. 15 18 AUTOMATIC ADJUSTMENT OF BENEFITS 19 SEC. 103. (a) Section 215 of the Social Security Act 20 is amended by adding at the end thereof the following new 21 subsection: 22 23 22* 24 25 "Cost-of-Living Increases in Benefits "(i) (1) For purposes of this subsection "(A) the term 'base quarter' means the period of 3 consecutive calendar months ending on September 30, 1 2 3 4 5 6 7 8 9 10 11 11 1971, and the period of 3 consecutive calendar months ending on September 30 of each year thereafter. "(B) the term 'cost-of-living computation quarter' means any base quarter in which the monthly average of the Consumer Price Index prepared by the Department of Labor exceeds, by not less than 3 per centum, the monthly average of such Index in the later of (i) the 3 calendar-month period ending on September 30, 1971, or (ii) the base quarter which was most recently a cost-of-living computation quarter. "(2) (A) If the Secretary determines that a base quar12 ter in a calendar year is also a cost-of-living computation quarter, he shall, effective for January of the next calendar 14 15 16 17 18 year, increase the benefit amount of each individual who for such month is entitled to benefits under section 227 or 228, and the primary insurance amount of each other individual as specified in subparagraph (B) of this paragraph, by an amount derived by multiplying such amount (including each 19 such individual's primary insurance amount or benefit 20 amount under section 227 or 228 as previously increased 21 under this subparagraph) by the same percentage (rounded to the next higher one-tenth of 1 percent if such percentage is an odd multiple of .05 of 1 percent and to the nearest one tenth of 1 percent in any other case) as the percentage by which the monthly average of the Consumer Price Index 12 1 for such cost-of-living computation quarter exceeds the 2 monthly average of such Index for the base quarter deter3 mined after the application of clauses (i) and (ii) of para4 graph (1)(B). 5 6 "(B) The increase provided by subparagraph (A) with respect to a particular cost-of-living computation quarter 7 shall apply in the case of monthly benefits under this title 8 for months after December of the calendar year in which 9 occurred such cost-of-living computation quarter, based on 10 the wages and self-employment income of an individual who 11 became entitled to monthly benefits under section 202, 223, 227, or 228 (without regard to section 202 (j) (1) or section 223 (b)), or who died, in or before December of such cal 12 13 endar year. "(C) If the Secretary determines that a base quarter in a calendar year is also a cost-of-living computation quarter, he shall publish in the Federal Register on or before Decem ber 1 of such calendar year a determination that a benefit increase is resultantly required and the percentage thereof. He shall also publish in the Federal Register at that time (along with the increased benefit amounts which shall be deemed to be the amounts appearing in sections 227 and 228) a revision of the table of benefits contained in subsec tion (a) of this section (as it may have been revised previ ously pursuant to this paragraph); and such revised table 13 1 shall be deemed to be the table appearing in such subsection 2 (a). Such revision shall be determined as follows: "(i) The headings of the table shall be the same as the headings in the table immediately prior to its revi sion, except that the parenthetical phrase at the beginning of column II shall show the effective date of the primary insurance amounts set forth in column IV of the table immediately prior to its revision. "(ii) The amounts on each line of column I, and the amounts on each line of column III except as otherwise provided by clause (v) of this subparagraph, shall be the same as the amounts appearing in such column in the table immediately prior to its revision. "(iii) The amount on each line of column II shall be changed to the amount shown on the corresponding line of column IV of the table immediately prior to its revision. "(iv) The amount of each line of column IV shall be increased from the amount shown in the table immediately prior to its revision by increasing such amount by the percentage specified in subparagraph (A) of paragraph (2), raising each such increased amount, if not a multiple of $0.10, to the next higher multiple of $0.10. "(v) If the contribution and benefit base (as |