39

1 203 (a), to an amount no less than the amount it would have

2 been if such redetermination and increase had not become.

3 effective.

4

LIBERALIZATION OF EARNINGS TEST

5 SEC. 107. (a) (1) Paragraphs (1) and (4) (B) of 6 section 203 (f) of the Social Security Act are each amended 7 by striking out "$140" and inserting in lieu thereof 8 "$166.66 or the exempt amount as determined under para9 graph (8)".

10

(2) Paragraph (1) (A) of section 203 (h) of such Act 11 is amended by striking out "$140" and inserting in lieu 12 thereof "$166.66 or the exempt amount as determined 13 under subsection (f) (8)".

14 (3) Paragraph (3) of section 203 (f) of such Act is 15 amended to read as follows:

66

(3) For purposes of paragraph (1) and sub

section (h), an individual's excess earnings for a taxable year shall be 50 per centum of his earnings for

such year in excess of the product of $166.663 or the

exempt amount as determined under paragraph (8)

multiplied by the number of months in such year. The

excess earnings as derived under the preceding sentence,

if not a multiple of $1, shall be reduced to the next lower

multiple of $1."

40

1 (b) Section 203 (f) of such Act is further amended by 2 adding at the end thereof the following new paragraph:

"(8) (A) On or before November 1 of 1972 and of each even-numbered year thereafter, the Secretary shall determine and publish in the Federal Register the exempt amount as defined in subparagraph (B) for each month in any individual's first two taxable years which end with the close of or after the calendar year following the year in which such determination is made.

"(B) The exempt amount for each month of a particular taxable year shall be whichever of the following is the larger:

"(i) the product of $166.663 and the ratio of (I) the average taxable wages of all persons for whom taxable wages were reported to the Secretary for the first calendar quarter of the calendar year in which a determination under subparagraph (A) is made for each such month of such particu

lar taxable year to (II) the average of the taxable wages of all persons for whom wages were reported to the Secretary for the first calendar quarter of 1971, with such product, if not a multiple of $10,

being rounded to the next higher multiple of $10

1

2

3

4

5

6

7

8

9

41

where such product is an odd multiple of $5 and to

the nearest multiple of $10 in any other case, or

"(ii) the exempt amount for each month in the taxable year preceding such particular taxable year;

except that the provisions in clause (i) shall not apply

with respect to any taxable year unless the contribution

and earnings base for such year is determined under section 230 (b) (1).”

(c) The amendments made by this section shall apply 10 with respect to taxable years ending after December 1970.

11

EXCLUSION OF CERTAIN EARNINGS IN YEAR OF

12

ATTAINING AGE 72

13

SEC. 108. (a) The first sentence of section 203 (f) (3) 14 of the Social Security Act is amended by inserting "(A)" 15 after "except that", and by inserting before the period at the 16 end thereof the following: ", and (B) in determining an 17 individual's excess earnings for the taxable year in which 18 he attains age 72, there shall be excluded any earnings of 19 such individual for the month in which he attains such age and any subsequent month (with any net earnings 21 or net loss from self-employment in such year being prorated

20

2

22 in an equitable manner under regulations of the Secretary)". 23 (b) The amendment made by subsection (a) shall

42

1 apply with respect to taxable years ending after December

2 1970.

3

REDUCED BENEFITS FOR WIDOWERS AT AGE 60

4 SEC. 109. (a) Section 202 (f) of the Social Security 5 Act (as amended by section 104 (b) (2) of this Act) is 6 further amended—

7

8

9

10

11

12

23

13

14

(1) by striking out "age 62" each place it appears and inserting in lieu thereof "age 60"; and

(2) by striking out "or the third month" in the matter following subparagraph (G) in paragraph (1) and inserting in lieu thereof "or, if he became entitled to such benefits before he attained age 60, the third month".

(b) (1) The last sentence of section 203 (c) of such

15 Act (as amended by section 104 (c) (1) of this Act) is 16 further amended by striking out "age 62" and inserting in 17 lieu thereof “age 60”.

18 (2) Clause (D) of section 203 (f) (1) of such Act (as 19 amended by section 104 (c) (2) of this Act) is further 20 amended by striking out "age 62" and inserting in lieu there21 of "age 60".

22

(3) Section 222 (b) (1) of such Act is amended by 23 striking out "a widow or surviving divorced wife who has 24 not attained age 60, a widower who has not attained age

43

1 62" and inserting in lieu thereof "a widow, widower or

2 surviving divorced wife who has not attained age 60”.

3 (4) Section 222 (d) (1) (D) of such Act is amended 4 by striking out “age 62" each place it appears and inserting 5 in lieu thereof "age 60".

6 (5) Section 225 of such Act is amended by striking 7 out "age 62" and inserting in lieu thereof "age 60". 8 (c) The amendments made by this section shall apply 9 with respect to monthly benefits under title II of the Social 10 Security Act for months after December 1970, except that 11 in the case of an individual who was not entitled to a monthly 12 benefit under title II of such Act for December 1970 such 13 amendments shall apply only on the basis of an application 14 filed in or after the month in which this Act is enacted. 15 ENTITLEMENT TO CHILD'S INSURANCE BENEFITS BASED

16

17

ON DISABILITY WHICH BEGAN BETWEEN 18 AND 22

SEC. 110. (a) Clause (ii) of section 202 (d) (1) (B) of 18 the Social Security Act is amended by striking out "which 19 began before he attained the age of eighteen" and inserting 20 in lieu thereof "which began before he attained the age of

21 22"

22

(b) Subparagraphs (F) and (G) of section 202 (d)

23 (1) of such Act are amended to read as follows:

24

“(F) if such child was not under a disability (as