Sec. 3101. Adjustments to bend points in determining primary insurance amount
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Section 215(a)(1) of the Social Security Act (42 U.S.C. 415(a)(1)) is amended— in subparagraph (A), in the matter preceding clause (i), by inserting who initially becomes eligible for old-age or disability insurance benefits, or who dies (before becoming eligible for such benefits), in any calendar year after 1979 and before 2017 after individual ; in subparagraph (B)(ii), in the matter preceding subclause (I), by inserting and before 2017 after after 1979 ; in subparagraph (C)(i), by inserting or
(E)after
(A); and by adding at the end the following: The primary insurance amount of an individual who initially becomes eligible for old-age or disability insurance benefits, or who dies (before becoming eligible for such benefits), in any calendar year after 2016 shall (except as otherwise provided in this section) be equal to the sum of— 90 percent of the individual's average indexed monthly earnings (determined under subsection (b)) to the extent that such earnings do not exceed the amount established for purposes of this subclause by clause (ii), 30 percent of the individual's average indexed monthly earnings to the extent that such earnings exceed the amount established for purposes of subclause
(I)but do not exceed the amount established for purposes of this subclause by clause (ii), 10 percent of the individual's average indexed monthly earnings to the extent that such earnings exceed the amount established for purposes of subclause
(II)but do not exceed the amount established for purposes of this subclause by clause (ii), and 5 percent of the individual's average indexed monthly earnings to the extent that such earnings exceed the amount established for purposes of subclause (III), rounded, if not a multiple of $0.10, to the next lower multiple of $0.10, and thereafter increased as provided in subsection (i). For individuals who initially become eligible for old-age or disability insurance benefits, or who die (before becoming eligible for such benefits) in the calendar year 2017 or later, the amount established for purposes of subclauses (I), (II), and
(III)of subparagraph (E)(i) shall be $180, $736, and $1,085, respectively, as if such amount was applicable with respect to 1979 and was adjusted for years after 1979 in the same manner as provided under subparagraph (B)(ii), without regard to the limitation that such adjustment only applies to individuals who initially become eligible for old-age benefits or disability insurance benefits, or who die (before becoming eligible for benefits) before 2017. Notwithstanding clauses
(i)and (ii), in the case of any individual who becomes eligible for old-age or disability insurance benefits, or who dies (before becoming eligible for such benefits) in any calendar year after 2016 and before 2051, the primary insurance amount of the individual shall be equal to the sum of— the primary insurance amount determined for the individual under subparagraphs
(A)and
(B)(without regard to the limitation that such subparagraphs apply only to individuals who initially become eligible for old-age benefits or disability insurance benefits, or who die (before becoming eligible for benefits) before 2017) multiplied by the applicable phase-in factor for the calendar year under subclause (II); and the primary insurance amount determined for the individual under this subparagraph (other than under this clause) multiplied by the applicable phase-in factor for the calendar year under subclause (II). For purposes of— subclause (I)(aa), the applicable phase-in factor for calendar year 2017, is the quotient of 33 divided by 34, and for each year thereafter is the quotient of— the numerator applicable for the preceding year reduced by 1, divided by 34; and subclause (I)(bb), the applicable phase-in factor for calendar year 2017 is the quotient of 1 divided by 34, and for each year thereafter is the quotient of— the numerator applicable for the preceding year increased by 1, divided by 34. .
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Sec. 3101
Adjustments to bend points in determining primary insurance amount
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