,i #aac? ,,congress #a/ ,session ,h4 ,r4 #acgd ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,m>* #ba1 #bjac ,ms4 ,moore 7= h]self & ,ms4 ,s*ak[sky7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means ,a ,,bill ,to am5d title ,,ii ( ! ,social ,security ,act to make v>i\s re=ms to ,social ,security1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,social ,security ,enhancem5t & ,protection ,act ( #bjac4 #b4 ,increase 9 special m9imum b5efit = lifetime l[ e>n]s bas$ on ye>s 9 ! work=ce ,section #bae7;a77#a77;,c7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77;,c77 is am5d$ to read z foll[s3 7,c7 7i7 ,effective ) respect to ! b5efits ( individuals :o become eligible = old-age insurance b5efits or disability insurance b5efits 7or die be=e becom+ s eligible7 aft] #bjad1 no prim>y insurance am\nt comput$ "u subp>agraph 7,a7 may be less ?an ! applicable p]c5tage ( #a_/ab ( ! annual doll> am\nt det]m9$ "u clause 7iv7 = ! ye> 9 :i* ! am\nt is det]m9$4 7ii7 ,= purposes ( clause 7i71 ! applicable p]c5tage is ! p]c5tage specifi$ 9 connection ) ! numb] ( ye>s ( "w1 z set =? 9 ! foll[+ table3 ,if ! numb] ( years,the applicable ( "w is3p]c5tage is3 #aacf4g p]c5t #abdj4j p]c5t #acdc4c p]c5t #addf4g p]c5t #aeej4j p]c5t #afec4c p]c5t #agef4g p]c5t #ahfj4j p]c5t #aifc4c p]c5t #bjff4g p]c5t #bagj4j p]c5t #bbgc4c p]c5t #bcgf4g p]c5t #bdhj4j p]c5t #behc4c p]c5t #bfhf4g p]c5t #bgij4j p]c5t #bhic4c p]c5t #biif4g p]c5t #cj or m#ajj4j p]c5t4 7iii7 ,= purposes ( ?is subp>agraph1 ! t]m numb] ( ye>s ( "w means1 ) respect to an individual1 ! sum (-- 7,i7 #a_/d ( ! total numb] ( qu>t]s ( cov]age cr$it$ to su* individual 7disreg>d+ any fraction72 & 7,,ii7 ! numb] ( ye>s 7n exce$+ #e7 9 all ( :i* ! individual provid$ c>e = a *ild "u #f ye>s ( age :o resid$ 9 ! individual's home4 7iv7 7,i7 ,! annual doll> am\nt det]m9$ "u ?is clause is ! pov]ty guidel9e = ! cal5d> ye> prec$+ ! cal5d> ye> 9 :i* ! det]m9ation is made4 7,,ii7 ,= purposes ( ?is clause1 ! t]m pov]ty guidel9e means ! annual pov]ty guidel9e 7z updat$ annually 9 ! ,f$]al ,regi/] by ! ,dep>tm5t ( ,heal? & ,human ,s]vices "u ! au?ority ( section #fgc7b7 ( ! ,omnibus ,budget ,reconciliation ,act ( #aiha7 z applicable to a s+le individual4 4 #c4 ,e/abli%m5t ( an increas$ b5efit = b5efici>ies on acc\nt ( long-t]m eligibility 7a7 ,9 g5]al ,section #bjb ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7z7 ,increase 9 b5efit am\nts on acc\nt ( long-,t]m eligibility 7#a7 ,9 ! case ( an individual :o is a qualifi$ b5efici>y = a cal5d> ye> aft] #bjad1 ! am\nt ( any mon?ly insurance b5efit ( su* qualifi$ b5efici>y "u ?is section or section #bbc = any mon? 9 su* cal5d> ye> %all be increas$ 9 accordance ) p>agraph 7#c74 7#b7 7,a7 ,= purposes ( ?is subsection1 ! t]m qualifi$ b5efici>y = a cal5d> ye> means an individual 9 any case 9 :i* su* cal5d> ye> beg9s at lea/ #af ye>s aft] ! applicable date ( eligibility = su* individual4 7,b7 ,= purposes ( ?is subsection1 ! applicable date ( eligibility = an individual is ! date on :i* ! individual on ^: wages & self-employm5t income ! mon?ly insurance b5efit is bas$ initially became eligible 7or di$ be=e becom+ eligible7 = old-age insurance b5efits "u subsection 7a7 or disability insurance b5efits "u section #bbc4 7#c7 7,a7 ,! increase requir$ "u p>agraph 7#a7 ) respect to ! mon?ly insurance b5efit ( an individual :o is a qualifi$ b5efici>y = a cal5d> ye> %all be equal to ! applicable p]c5tage 7specifi$ = su* b5efit 9 subp>agraph 7,b77 ( ! full increase am\nt = su* cal5d> ye> 7det]m9$ "u subp>agraph 7,c774 7,b7 ,! applicable p]c5tage specifi$ = a mon?ly insurance b5efit "u ?is subp>agraph = a cal5d> ye> is ! p]c5tage specifi$1 9 connection ) ! numb] ( ye>s end+ aft] ! applicable date ( eligibility = su* individual & be=e su* cal5d> ye>1 9 ! foll[+ table3 ,! applicable ,if ! numb] ( ye>s is3p]c5tage is3 #afbj p]c5t #agdj p]c5t #ahfj p]c5t #aihj p]c5t #bj or l>g]#ajj p]c5t4 7,c7 7i7 ,except z provid$ 9 clause 7ii71 ! full increase am\nt det]m9$ "u ?is subp>agraph = a cal5d> ye> 9 connection ) ! mon?ly insurance b5efit ( a qualifi$ b5efici>y is a doll> am\nt equal to #e p]c5t ( ! am\nt ( ! b5efit if-- 7,i7 su* b5efit 7 bas$ on ! prim>y insurance am\nt det]m9$ = ,janu>y ( su* cal5d> ye> ( a putative individual2 7,,ii7 on ,janu>y #a ( ! cal5d> ye> 9 :i* occurr$ ! applicable eligibility date ) respect to su* individual1 su* putative individual 7 fully insur$1 atta9$ retirem5t age 7z def9$ 9 section #baf7l77#b77 & 7 o!rwise eligible =1 & appli$ =1 old-age insurance b5efits2 & 7,,iii7 su* putative individual's av]age index$ mon?ly e>n+s tak5 into acc\nt 9 det]m9+ su* prim>y insurance am\nt 7 equal to #a_/ab ( ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second ye> prior to su* cal5d> ye>4 7ii7 7,i7 ,9 ! case ( a mon?ly insurance b5efit "u subsection 7b7 or 7c71 ! full increase am\nt det]m9$ "u ?is subp>agraph %all be "o-half ! am\nt det]m9$ "u clause 7i72 or 7,,ii7 ,9 ! case ( a mon?ly insurance b5efit "u subsection 7d71 7g71 or 7h71 ! full increase am\nt det]m9$ "u ?is subp>agraph %all be ! p]c5tage ( ! am\nt det]m9$ "u clause 7i7 equal to ! ratio :i* ! am\nt ( su* b5efit be>s to ! prim>y insurance am\nt 7be=e ! application ( section #bjc7;a77 ( ! individual on ^: wages & self-employm5t income ! mon?ly insurance b5efit is bas$4 7#d7 ,9 ! case ( a qualifi$ b5efici>y :o is entitl$ to #b or m mon?ly insurance b5efits "u ?is title = ! same mon?-- 7,a7 ! e>lie/ applicable date ( eligibility = su* b5efici>y ) respect to su* b5efits %all be treat$ z ! applicable date ( eligibility = su* b5efici>y = ! purposes ( ?is subsection2 & 7,b7 su* b5efici>y %all be entitl$ to an increase ) respect only to "o su* b5efit4 7#e7 ,?is subsection %all be appli$ to mon?ly insurance b5efits aft] any increase "u subsection 7w7 & any applicable r$uctions & d$uctions "u ?is title4 7#f7 ,9 any case 9 :i* an individual is entitl$ to b5efits "u bo? ?is section & section #bbc1 ! increase "u ?is subsection %all be paid f ! ,f$]al ,old-,age & ,survivors ,insurance ,tru/ ,fund4 4 7b7 ,con=m+ am5dm5ts 7#a7 ,section #bjb ( su* ,act 7#db ,u4,s4,c4 #djb7 is am5d$-- 7,a7 9 ! la/ s5t5ce ( subsection 7a71 by /rik+ subsection 7q7 & subsection 7w7 & ins]t+ subsections 7q71 7w71 & 7z72 7,b7 9 subsection 7b77#b71 by /rik+ subsections 7k77#e7 & 7q7 & ins]t+ subsections 7k77#e71 7q71 & 7z72 7,c7 9 subsection 7c77#b71 by /rik+ subsections 7k77#e7 & 7q7 & ins]t+ subsections 7k77#e71 7q71 & 7z72 7,d7 9 subsection 7d77#b71 by add+ at ! end ! foll[+3 ,?is p>agraph %all apply subject to subsection 7z742 7,e7 9 subsection 7e77#b77;,a71 by /rik+ subsection 7k77#e71 subsection 7q71 & subp>agraph 7,d7 ( ?is p>agraph & ins]t+ subsection 7k77#e71 subsection 7q71 subsection 7z71 & subp>agraph 7,d7 ( ?is p>agraph2 7,f7 9 subsection 7f77#b77;,a71 by /rik+ subsection 7k77#e71 subsection 7q71 & subp>agraph 7,d7 ( ?is p>agraph & ins]t+ subsection 7k77#e71 subsection 7q71 subsection 7z71 & subp>agraph 7,d7 ( ?is p>agraph2 7,g7 9 subsection 7g77#b71 by /rik+ ,su* & ins]t+ ,except z provid$ 9 subsections 7k77#e7 & 7z71 su*2 7,h7 9 subsection 7h77#b77;,a71 by ins]t+ & subsection 7z7 aft] subp>agraphs 7,b7 & 7,c72 & 7,i7 9 section #bbc7;a77#b71 by /rik+ section #bjb7q7 & ins]t+ sections #bjb7q7 & #bjb7z74 7#b7 ,section #bji7k77#a7 ( su* ,act 7#djb ,u4,s4,c4 #dji7k77#a77 is am5d$ by ins]t+ #bjb7z77#c77;,c77i77,,ii71 be=e #bjc7;f77#h77;,b77ii74 #d4 ,ext5sion ( *ild's b5efit = c]ta9 po/-second>y /ud5ts "u age #bb 7a7 ,9 g5]al ,section #bjb7;d77#a77;,b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7;d77#a77;,b77 is am5d$ to read z foll[s3 7,b7 at ! "t su* application 0 fil$ 0 unm>ri$ &-- 7i7 _h n atta9$ ! age ( #ah1 7ii7 0 a full-"t elem5t>y or second>y s*ool /ud5t & _h n atta9$ ! age ( #ai1 7iii7 0 an eligible full-"t po/-second>y s*ool /ud5t & _h n atta9$ ! age ( #bb1 or 7iv7 is "u a disability 7z def9$ 9 section #bbc7;d77 :i* began be=e he atta9$ ! age ( #bb1 & 4 7b7 ,def9ition ( eligible full-,"t po/-,second>y s*ool /ud5t ,section #bjb7;d77#g7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7;d77#g77 is am5d$ by add+ at ! end ! foll[+3 7,e7 ,an eligible full-"t po/-second>y s*ool /ud5t is a full-"t po/-second>y s*ool /ud5t :o is entitl$ to *ild's insurance b5efits on ! basis ( ! wages & self-employm5t income ( an individual :o is entitl$ to disability insurance b5efits1 or :o has di$ a fully or curr5tly insur$ individual4 4 7c7 ,def9ition ( full-,"t po/-,second>y s*ool /ud5t 7#a7 ,9 g5]al ,section #bjb7;d77#g7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#g77 is am5d$-- 7,a7 9 subp>agraph 7,a7-- 7i7 by ins]t+ & a full-"t po/-second>y s*ool /ud5t is an individual :o is 9 full-"t att5dance z a /ud5t at a po/-second>y educational in/itution be=e 1 z det]m9$ by ! ,commission]2 7ii7 by ins]t+ or a full-"t po/-second>y s*ool /ud5t be=e if he is paid by 8 employ]2 7iii7 by ins]t+ or a po/-second>y educational in/itution1 z applicable1 be=e at ! reque/2 7iv7 by ins]t+ or a full-"t po/-second>y s*ool /ud5t be=e = ! purpose ( ?is section2 & 7v7 by ins]t+ or a full-"t po/-second>y s*ool /ud5t be=e %all be deem$2 & 7,b7 9 subp>agraph 7,b7-- 7i7 by ins]t+ or a full-"t po/-second>y s*ool /ud5t aft] /ud5t2 7ii7 by ins]t+ or a po/-second>y educational in/itution1 z applicable be=e at :i* he has be52 & 7iii7 by /rik+ an elem5t>y or second>y s*ool 9 ea* ( ! second & ?ird places 9 :i* su* t]m appe>s & ins]t+ su* a s*ool4 7#b7 ,transition f elem5t>y or second>y s*ool ,section #bjb7;d77#g77;,b7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#g77;,b77 is am5d$ by add+ at ! end ! foll[+ s5t5ce3 ,an individual :o has be5 9 full-"t att5dance at an elem5t>y or second>y s*ool %all1 dur+ a succe$+ p]iod ( nonatt5dance at su* s*ool1 be deem$ to be a full-"t second>y-s*ool /ud5t if 7i7 su* p]iod is #d cal5d> mon?s or less1 & 7ii7 ! individual %[s to ! satisfaction ( ! ,commission] t he int5ds to be 9 full-"t att5dance at a po/-second>y educational in/itution imm$iately foll[+ su* p]iod4 7d7 ,def9ition ( po/-,second>y educational in/itution ,section #bjb7;d77#g77;,c7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#g77;,c77 is am5d$ by add+ at ! end ! foll[+3 7iii7 ,a po/-second>y educational in/itution is a s*ool or college or univ]sity t provides po/-second>y education &-- 7,i7 is op]at$ or directly support$ by ! ,unit$ ,/ates1 or by any ,/ate or local gov]nm5t or political subdivision !re(1 7,,ii7 has be5 approv$ by a ,/ate or accr$it$ by a ,/ate-recogniz$ or nationally-recogniz$ accr$it+ ag5cy or body1 or 7,,iii7 ^: cr$its are accept$1 on transf]1 by n less ?an ?ree in/itutions :i* are s accr$it$1 = cr$it on ! same basis z if transf]r$ f an in/itution s accr$it$4 4 7e7 ,con=m+ am5dm5ts 7#a7 ,section #bjb7;d77#a77;,e7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#a77;,e77 is am5d$ by ins]t+ or an eligible full-"t po/-second>y s*ool /ud5t aft] /ud5t4 7#b7 ,section #bjb7;d77#a77;,f7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#a77;,f77 is am5d$ by /rik+ ! e>li] (-- & all t foll[s ?r\gh ! age ( #ai1 & ins]t+ ! foll[+3 ! e>li] (-- 7i7 ! fir/ mon? dur+ no "p ( :i* ! *ild is a full-"t elem5t>y or second>y s*ool /ud5t or an eligible full-"t po/-second>y s*ool /ud5t1 7ii7 ! mon? 9 :i* ! *ild atta9s ! age ( #ai1 b only if ! *ild is n an eligible full-"t po/-second>y s*ool /ud5t dur+ any "p ( su* mon?1 or 7iii7 ! mon? 9 :i* ! *ild atta9s ! age ( #bb1 4 7#c7 ,section #bjb7;d77#a77;,g7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#a77;,g77 is am5d$ by /rik+ 7if lat]7 & all t foll[s ?r\gh ! age ( #ai1 & ins]t+ ! foll[+3 7if lat]7 ! e>li] (-- 7i7 ! fir/ mon? dur+ no "p ( :i* ! *ild is a full-"t elem5t>y or second>y s*ool /ud5t or an eligible full-"t po/-second>y s*ool /ud5t1 7ii7 ! mon? 9 :i* ! *ild atta9s ! age ( #ai1 b only if ! *ild is n an eligible full-"t po/-second>y s*ool /ud5t dur+ any "p ( su* mon?1 or 7iii7 ! mon? 9 :i* ! *ild atta9s ! age ( #bb1 4 7#d7 ,section #bjb7;d77#f77;,a7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#f77;,a77 is am5d$ to read z foll[s3 7,a7 7i7 is a full-"t elem5t>y or second>y s*ool /ud5t & has n atta9$ ! age ( #ai1 7ii7 is an eligible full-"t po/-second>y s*ool /ud5t & has n atta9$ ! age ( #bb1 or 7iii7 is "u a disability 7z def9$ 9 section #bbc7;d77 & has n atta9$ ! age ( #bb1 or 4 7#e7 ,section #bjb7;d77#f77;,d7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#f77;,d77 is am5d$ to read z foll[s3 7,d7 ! e>li] (-- 7i7 ! fir/ mon? dur+ no "p ( :i* ! *ild is a full-"t elem5t>y or second>y s*ool /ud5t or an eligible full-"t po/-second>y s*ool /ud5t1 7ii7 ! mon? 9 :i* ! *ild atta9s ! age ( #ai1 b only if ! *ild is n an eligible full-"t po/-second>y s*ool /ud5t dur+ any "p ( su* mon?1 or 7iii7 ! mon? 9 :i* ! *ild atta9s ! age ( #bb1 b only if he is n "u a disability 7z s def9$7 9 su* e>li] mon?2 or 4 7#f7 ,section #bjb7;d77#f77;,e7 ( su* ,act 7#db ,u4,s4,c4 #djb7;d77#f77;,e77 is am5d$ by /rik+ 7if lat]7 & all t foll[s to ! end & ins]t+ ! foll[+3 7if lat]7 ! e>li] (-- 7i7 ! fir/ mon? dur+ no "p ( :i* ! *ild is a full-"t elem5t>y or second>y s*ool /ud5t or an eligible full-"t po/-second>y s*ool /ud5t1 7ii7 ! mon? 9 :i* ! *ild atta9s ! age ( #ai1 b only if ! *ild is n an eligible full-"t po/-second>y s*ool /ud5t dur+ any "p ( su* mon?1 or 7iii7 ! mon? 9 :i* ! *ild atta9s ! age ( #bb4 4 7f7 ,effective date ,! am5dm5ts made by ?is section apply ) respect to applications = *ild's insurance b5efits "u section #bjb7;d7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #djb7;d77 fil$ 9 any cal5d> ye> aft] #bjad4 #e4 ,det]m9ation ( taxable wages & self-employm5t income above contribution & b5efit base aft] #bjad 7a7 ,det]m9ation ( taxable wages above contribution & b5efit base aft] #bjad 7#a7 ,am5dm5ts to ! ,int]nal ,rev5ue ,code ( #aihf ,section #caba ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 subsection 7a77#a71 by ins]t+ ! applicable p]c5tage 7det]m9$ "u subsection 7c77#a77 ( be=e t "p ( ! remun]ation2 & 7,b7 9 subsection 7c71 by /rik+ 7c7 ,includ$ & exclud$ s]vice4--,= purposes ( ?is *apt]1 if & ins]t+ ! foll[+3 7c7 ,special rules = wages & employm5t 7#a7 ,applicable p]c5tage ( remun]ation 9 det]m9+ taxable wages ,= purposes ( subsection 7a77#a71 ! applicable p]c5tage = a cal5d> ye> %all be det]m9$ 9 accordance ) ! foll[+ table3 ,! applicable ,9 ! case (3p]c5tage is3 ,cal5d> ye> #bjaeij p]c5t ,cal5d> ye> #bjafhj p]c5t ,cal5d> ye> #bjaggj p]c5t ,cal5d> ye> #bjahfj p]c5t ,cal5d> ye> #bjaiej p]c5t ,cal5d> ye> #bjbjdj p]c5t ,cal5d> ye> #bjbacj p]c5t ,cal5d> ye> #bjbbbj p]c5t ,cal5d> ye> #bjbcaj p]c5t ,cal5d> ye>s aft] #bjbdj p]c5t4 7#b7 ,includ$ & exclud$ s]vice ,= purposes ( ?is *apt]1 if 4 7#b7 ,am5dm5ts to ! ,social ,security ,act ,section #bji ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dji7 is am5d$-- 7,a7 9 subsection 7a77#a77;,i7-- 7i7 by ins]t+ & be=e #bjae aft] #aigd2 & 7ii7 by ins]t+ & aft] ! semicolon2 7,b7 9 subsection 7a77#a71 by add+ at ! end ! foll[+ new subp>agraph3 7,j7 ,! applicable p]c5tage 7det]m9$ "u subsection 7l77 ( t "p ( remun]ation :i*1 aft] remun]ation 7o!r ?an remun]ation ref]r$ to 9 ! succe$+ subsections ( ?is section7 equal to ! contribution & b5efit base 7det]m9$ "u section #bcj7 ) respect to employm5t has be5 paid to an individual dur+ any cal5d> ye> aft] #bjab ) respect to :i* su* contribution & b5efit base is effective1 is paid to su* individual dur+ su* cal5d> ye>2 2 & 7,c7 by add+ at ! end ! foll[+ new subsection3 7l7 ,= purposes ( subsection 7a77#a77;,j71 ! applicable p]c5tage = a cal5d> ye> %all be det]m9$ 9 accordance ) ! foll[+ table3 ,! applicable ,9 ! case (3p]c5tage is3 ,cal5d> ye> #bjaeij p]c5t ,cal5d> ye> #bjafhj p]c5t ,cal5d> ye> #bjaggj p]c5t ,cal5d> ye> #bjahfj p]c5t ,cal5d> ye> #bjaiej p]c5t ,cal5d> ye> #bjbjdj p]c5t ,cal5d> ye> #bjbacj p]c5t ,cal5d> ye> #bjbbbj p]c5t ,cal5d> ye> #bjbcaj p]c5t ,cal5d> ye>s aft] #bjbdj p]c5t4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply ) respect to remun]ation paid 9 cal5d> ye>s aft] #bjad4 7b7 ,det]m9ation ( taxable self-,employm5t income above contribution & b5efit base aft] #bjad 7#a7 ,am5dm5ts to ! ,int]nal ,rev5ue ,code ( #aihf ,section #adjb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7,a7 9 subsection 7b77#a71 by /rik+ t "p ( ! net e>n+s & all t foll[s ?r\gh m9us & ins]t+ ! foll[+3 an am\nt equal to ! applicable p]c5tage 7z det]m9$ "u subsection 7d77#b77 ( t "p ( ! net e>n+s f self-employm5t :i* is 9 excess ( ! diff]5ce 7n to be less ?an z]o7 betwe5 7i7 an am\nt equal to ! contribution & b5efit base 7z det]m9$ "u section #bcj ( ! ,social ,security ,act7 :i* is effective = ! cal5d> ye> 9 :i* su* taxable ye> beg9s1 &2 & 7,b7 9 subsection 7d7-- 7i7 by /rik+ 7d7 ,employee & wages4--,! t]m & ins]t+ ! foll[+3 7d7 ,rules & def9itions 7#a7 ,employee & wages ,! t]m 2 & 7ii7 by add+ at ! end ! foll[+3 7#b7 ,applicable p]c5tage ( net e>n+s f self-employm5t 9 det]m9+ taxable self-employm5t income ,= purposes ( subsection 7b77#a71 ! applicable p]c5tage = a taxable ye> beg9n+ 9 any cal5d> ye> ref]r$ to 9 su* p>agraph %all be det]m9$ 9 accordance ) ! foll[+ table3 ,! applicable ,9 ! case (3p]c5tage is3 ,cal5d> ye> #bjaeij p]c5t ,cal5d> ye> #bjafhj p]c5t ,cal5d> ye> #bjaggj p]c5t ,cal5d> ye> #bjahfj p]c5t ,cal5d> ye> #bjaiej p]c5t ,cal5d> ye> #bjbjdj p]c5t ,cal5d> ye> #bjbacj p]c5t ,cal5d> ye> #bjbbbj p]c5t ,cal5d> ye> #bjbcaj p]c5t ,cal5d> ye>s aft] #bjbdj p]c5t4 4 7#b7 ,am5dm5ts to ! ,social ,security ,act ,section #baa ( ! ,social ,security ,act 7#db ,u4,s4,c4 #daa7 is am5d$-- 7,a7 9 subsection 7b7-- 7i7 9 p>agraph 7#a77;,i7-- 7,i7 by /rik+ or aft] ! semicolon2 & 7,,ii7 by ins]t+ & be=e #bjae aft] #aigd2 7ii7 by r$esignat+ p>agraph 7#b7 z p>agraph 7#c72 & 7iii7 by ins]t+ aft] p>agraph 7#a7 ! foll[+3 7#b7 ,= any taxable ye> beg9n+ 9 any cal5d> ye> aft] #bjad1 an am\nt equal to ! applicable p]c5tage 7z det]m9$ "u subsection 7l77 ( t "p ( net e>n+s f self-employm5t :i* is 9 excess ( ! diff]5ce 7n to be less ?an z]o7 betwe5-- 7,a7 an am\nt equal to ! contribution & b5efit base 7z det]m9$ "u section #bcj7 t is effective = su* cal5d> ye>1 & 7,b7 ! am\nt ( ! wages paid to su* individual dur+ su* taxable ye>2 or 2 & 7,b7 by add+ at ! end ! foll[+3 7l7 ,= purposes ( subsection 7b77#b71 ! applicable p]c5tage = a taxable ye> beg9n+ 9 any cal5d> ye> ref]r$ to 9 su* p>agraph %all be det]m9$ 9 accordance ) ! foll[+ table3 ,! applicable ,9 ! case (3p]c5tage is3 ,cal5d> ye> #bjaeij p]c5t ,cal5d> ye> #bjafhj p]c5t ,cal5d> ye> #bjaggj p]c5t ,cal5d> ye> #bjahfj p]c5t ,cal5d> ye> #bjaiej p]c5t ,cal5d> ye> #bjbjdj p]c5t ,cal5d> ye> #bjbacj p]c5t ,cal5d> ye> #bjbbbj p]c5t ,cal5d> ye> #bjbcaj p]c5t ,cal5d> ye>s aft] #bjbdj p]c5t4 4 7#c7 ,effective date ,! am5dm5ts made by ?is subsection %all apply ) respect to taxable ye>s beg9n+ 9 cal5d> ye>s aft] #bjad4 7c7 ,comput+ av]age index$ mon?ly e>n+s ,section #bae7;e7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;e77 is am5d$-- 7#a7 9 p>agraph 7#a7-- 7,a7 by /rik+ & aft] be=e #aige12 7,b7 by ins]t+ & be=e #bjae aft] aft] #aigd2 & 7,c7 by ins]t+ 1 & ! applicable p]c5tage ( ! excess ov] an am\nt equal to ! contribution & b5efit base 7z det]m9$ "u section #bcj7 9 ! case ( any cal5d> ye> aft] #bjad ) respect to :i* su* contribution & b5efit base is effective1 aft] b5efit base is effective12 & 7#b7 by add+ at ! end ! foll[+3 7#c7 ,= purposes ( p>agraph 7#a71 ! applicable p]c5tage = a ye> %all be det]m9$ 9 accordance ) ! foll[+ table3 ,! applicable ,9 ! case (3p]c5tage is3 ,cal5d> ye> #bjaeij p]c5t ,cal5d> ye> #bjafhj p]c5t ,cal5d> ye> #bjaggj p]c5t ,cal5d> ye> #bjahfj p]c5t ,cal5d> ye> #bjaiej p]c5t ,cal5d> ye> #bjbjdj p]c5t ,cal5d> ye> #bjbacj p]c5t ,cal5d> ye> #bjbbbj p]c5t ,cal5d> ye> #bjbcaj p]c5t ,cal5d> ye>s aft] #bjbdj p]c5t4 4 7d7 ,con=m+ am5dm5t ,section #bae7;i77#b77;,c77i7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;i77#b77;,c77i77 is am5d$ by /rik+ ! ,commission]'s e/imate ( ! ext5t to :i* ! co/ ( su* increase w\ld be met by an increase 9 ! contribution & b5efit base "u section #bcj & ! e/imat$ am\nt ( ! increase 9 su* base14 #f4 ,new b5d po9t = am\nts above contribution & b5efit base 7a7 ,9 g5]al ,section #bae7;a77#a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dae7;a77#a77 is am5d$-- 7#a7 9 subp>agraph 7,a7-- 7,a7 9 clause 7ii71 by /rik+ &2 7,b7 9 clause 7iii71 by /rik+ ! comma at ! end & ins]t+ ! foll[+3 b d n exce$ ! am\nt e/abli%$ = purposes ( ?is clause by subp>agraph 7,b71 &2 & 7,c7 by ins]t+ aft] clause 7iii7 ! foll[+3 7iv7 #c p]c5t ( ! individual's av]age index$ mon?ly e>n+s to ! ext5t t su* e>n+s exce$ ! am\nt e/abli%$ = purposes ( clause 7iii71 2 & 7#b7 9 subp>agraph 7,b7-- 7,a7 by ins]t+ & be=e #bjae aft] #aigi 9 clause 7ii72 7,b7 by r$esignat+ clause 7iii7 z clause 7v72 7,c7 by ins]t+ aft] clause 7ii7 ! foll[+3 7iii7 ,= individuals :o initially become eligible = old-age or disability insurance b5efits1 or :o die 7be=e becom+ eligible = su* b5efits71 9 ! cal5d> ye> #bjae-- 7,i7 ! am\nts e/abli%$ = purposes ( clauses 7i7 & 7ii7 ( subp>agraph 7,a7 %all be ! am\nts s e/abli%$ "u clause 7ii7 ( ?is subp>agraph = su* cal5d> ye>2 & 7,,ii7 ! am\nt e/abli%$ = purposes ( clause 7iii7 ( subp>agraph 7,a7 %all be ! am\nt ( ! contribution & b5efit base ) respect to remun]ation paid 7& taxable ye>s beg9n+7 9 cal5d> ye> #bjae4 7iv7 ,= individuals :o initially become eligible = old-age or disability insurance b5efits1 or :o die 7be=e becom+ eligible = su* b5efits71 9 any cal5d> ye> aft] #bjae1 ! am\nt s e/abli%$ %all equal ! product ( ! correspond+ am\nt e/abli%$ ) respect to ! cal5d> ye> #bjae "u clause 7iii7 ( ?is subp>agraph & ! quoti5t obta9$ by divid+-- 7,i7 ! national av]age wage index 7z def9$ 9 section #bji7k77#a77 = ! second cal5d> ye> prec$+ ! cal5d> ye> = :i* ! det]m9ation is made1 by 7,,ii7 ! national av]age wage index 7z s def9$7 = #bjac4 2 & 7,d7 9 clause 7v71 z s r$esignat$ by subp>agraph 7,a7 ( ?is p>agraph1 by ins]t+ & clause 7iv7 aft] clause 7ii74 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to individuals :o initially become eligible 7)9 ! mean+ ( section #bae7;a77#c77;,b77 = old-age or disability insurance b5efits "u title ,,ii ( ! ,social ,security ,act1 or :o die 7be=e becom+ eligible = su* b5efits71 9 any cal5d> ye> aft] #bjad4 #g4 ,increase 9 employm5t tax rate 7a7 ,wages 7#a7 ,employees ,subsection 7a7 ( section #caja ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7a7 ,old-,age1 survivors1 & disability insurance 7#a7 ,9 g5]al ,9 addition to o!r taxes1 !re is h]eby impos$ on ! income ( e individual a tax equal to ! applicable p]c5tage ( ! wages 7z def9$ 9 section #caba7;a77 receiv$ by him ) respect to employm5t 7z def9$ 9 section #caba7;b774 7#b7 ,applicable p]c5tage ,= purposes ( p>agraph 7#a71 ! t]m applicable p]c5tage means ! p]c5tage det]m9$ "u ! foll[+ table3 ,! applicable ,9 case ( wages receiv$ dur+3p]c5tage %all be3 #bjae #f4be p]c5t #bjaff4cj p]c5t #bjag #f4ce p]c5t #bjah #f4dj p]c5t #bjai #f4de p]c5t #bjbj or !reaft]#f4ej p]c5t4 4 7#b7 ,employ]s ,subsection 7a7 ( section #caaa ( su* ,code is am5d$ to read z foll[s3 7a7 ,old-,age1 survivors1 & disability insurance 7#a7 ,9 g5]al ,9 addition to o!r taxes1 !re is h]eby impos$ on e employ] an excise tax1 ) respect to hav+ individuals 9 8 employ1 equal to ! applicable p]c5tage ( ! wages 7z def9$ 9 section #caba7;a77 paid by him ) respect to employm5t 7z def9$ 9 section #caba7;b774 7#b7 ,applicable p]c5tage ,= purposes ( p>agraph 7#a71 ! t]m applicable p]c5tage means ! p]c5tage det]m9$ "u ! foll[+ table3 ,! applicable ,9 case ( wages receiv$ dur+3p]c5tage %all be3 #bjae #f4be p]c5t #bjaff4cj p]c5t #bjag #f4ce p]c5t #bjah #f4dj p]c5t #bjai #f4de p]c5t #bjbj or !reaft]#f4ej p]c5t4 4 7b7 ,self-,employm5t ,subsection 7a7 ( section #adja ( su* ,code is am5d$ to read z foll[s3 7a7 ,old-,age1 survivors1 & disability insurance 7#a7 ,9 addition to o!r taxes1 !re %all be impos$ = ea* taxable ye>1 on ! self-employm5t income ( e individual1 a tax equal to ! applicable p]c5tage ( ! am\nt ( ! self-employm5t income = su* taxable ye>4 7#b7 ,applicable p]c5tage ,= purposes ( p>agraph 7#a71 ! t]m applicable p]c5tage means ! p]c5tage det]m9$ "u ! foll[+ table3 ,9 case ( a taxable year,the applicable beg9n+ dur+ cal5d> ye>3p]c5tage %all be3 #bjae #ab4e p]c5t #bjaf #ab4f p]c5t #bjag #ab4g p]c5t #bjah #ab4h p]c5t #bjai #ab4i p]c5t #bjbj or !reaft] #ac4j p]c5t4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply ) respect to remun]ation receiv$1 & taxable ye>s beg9n+ aft]1 ,decemb] #ca1 #bjad4 #h4 ,non-application ( increase 9 ,social ,security b5efits = means-te/$ programs ,any increase 9 mon?ly insurance b5efits "u title ,,ii ( ! ,social ,security ,act z a result ( ! am5dm5ts made by ?is ,act %all n be reg>d$ z income or res\rces = any mon? aft] ,decemb] #bjad1 = purposes ( det]m9+ ! eligibility ( ! recipi5t 7or ! recipi5t's sp\se or family7 = b5efits or assi/ance1 or ! am\nt or ext5t ( b5efits or assi/ance1 "u any ,f$]al program or "u any ,/ate or local program f9anc$ 9 :ole or 9 "p ) ,f$]al funds4