Sec. 3103. Minimum Social Security benefit
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Section 215 of the Social Security Act ( 42 U.S.C. 415 ) is amended by adding at the end the following: Notwithstanding the preceding provisions of this section— subject to paragraph (3), the primary insurance amount of any individual who is credited with at least 10 years of coverage and who initially becomes eligible for old-age or disability insurance benefits or dies (before becoming eligible for such benefits) for a month beginning after December 31, 2016 (in this subsection referred to as a qualified individual ), shall be equal to the greater of— the primary insurance amount determined under this section (without regard to this subsection), or the minimum monthly insurance benefit determined under paragraph (2), and any recomputation of the primary insurance amount of a qualified individual shall not result in a primary insurance amount less than the primary insurance amount as in effect immediately prior to such recomputation.
For purposes of this subsection, the term minimum monthly insurance benefit means 1/12 of the applicable percentage of the adjusted minimum benefit level (as defined in paragraph (5)). For purposes of this subsection, subject to subparagraph (B), the applicable percentage shall be 125 percent reduced by the number of percentage points determined under subparagraph (B)(ii) for each year of coverage of the qualified individual less than 30. In the case of an individual who initially becomes eligible for disability insurance benefits under section 223 before attaining age 62, or who dies before attaining age 62, in a month beginning after December 31, 2016, and who is credited with at least 5 years of coverage, the individual shall be treated as a qualified individual and the applicable percentage shall be 125 reduced by the number of percentage points determined under clause
(ii)for each year of coverage of the qualified individual less than the number as determined under clause (iii). The number of percentage points under this clause shall be determined by— dividing the number of the qualifying individual’s elapsed years (as defined in subsection (b)(2)(B)(iii)) by 40; multiplying the result under subclause
(I)by 20; and dividing 125 by the result under subclause
(II)and rounding to the nearest one hundredth of 1 percentage point. The number of years of coverage under this clause shall be determined by multiplying the ratio determined under clause (ii)(I) by 30 and rounding to the next lower whole number. For purposes of this subsection, a year of coverage is a calendar year for which an individual is credited with 4 quarters of coverage. For purposes of this subsection— for individuals who initially become eligible for old-age or disability insurance benefits or die (before becoming eligible for such benefits) in 2017, the term adjusted minimum benefit level means the weighted average of the Federal poverty threshold applicable to a family of 1 for 2009 (as determined by the Bureau of the Census), increased for each year occurring after 2009 and before 2018, by the percentage increase (rounded to the nearest one-tenth of 1 percent) in the Chained Consumer Price Index for All Urban Consumers (as published by the Bureau of Labor Statistics of the Department of Labor) for each such year; and for individuals who initially become eligible for old-age or disability insurance benefits or die (before becoming eligible for such benefits) in a year after 2017, the term adjusted minimum benefit level means the amount specified in subparagraph (A), multiplied by the quotient described in subsection (b)(3)(A)(ii), except that the reference to the computation base year for which the determination is made in such subsection shall be deemed instead to be a reference to 2009 . The provisions of this subsection shall not apply in the case of an individual whose primary insurance amount would otherwise be computed under subsection (a)(7). . Section 202(a) of such Act ( 42 U.S.C. 402(a) ) is amended in the last sentence by striking section 215(a) and inserting section 215 .
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