PUBLIC LAW 100-647—NOV. 10, 1988
102 STAT. 3777
widower and who will not have died before receiving payment of such lump sum. If there be no such widow or widower, such lump sum shall be payable to the children, grandchildren, parents, brothers and sisters, or the estate of the deceased individual in the same manner as if such lump sum were a lump sum payable under subsection (c)(1) of this section. "(2) The lump sum provided under subdivision (1) of this subsection shall be in an amount equal to the product of (A) the compensation attributable to the additional months of service which would have been credited to the individual due to the receipt of payments in the nature of separation or severance pay pursuant to section 3(i)(4) of this Act if such individual had remained in an employment relation to one or more employers or had continued to be an employee representative and (B) the rate of tax, or rates of tax, imposed on the compensation described in clause (A) of this subdivision by section 3201(b) of the Internal Revenue Code of 1986.". SEa 7302. DELETION OF LAST PERSON SERVICE AS A DISQUALIFICATION.
(a) IN GENERAL.—Section 2(e) of the Railroad Retirement Act of 1974 is amended— 45 USC 23ia. (I)(A) in subdivision (1), by striking out "any person, whether or not"; and (B) by striking out "(but with the" and all that follows through "political subdivision of a State"; (2) in subdivision (2), by striking out "and of the person, or persons, by whom he was last employed"; and (3) in subdivision (3), by striking out "or to the last person, or persons, by whom he was employed prior to the date on wMch the annuity under subsection (a)(1) bc^an to accrue". (b) DEDUCTION FOR WORK.—Section 2(f) of such Act is amended by adding at the end thereof the following new subdivision: "(6)(A) Except as provided in subparagraph (B)— "(i) that portion of the annuity for any month of an individual as is computed under section 30>) and as adjusted under section 3(g), plus any supplemental amount for such month under section 3(e), and that portion of the annuity for any month of a spouse as is computed under section 4(b) and as adjusted under section 4(d), shall each be subject to a deduction of $1 for each $2 of compensation received by such individual from compensated service rendered in such month to the last person, or persons, by whom such individual was employed before the date on which the annuity of such individual under subsection (a)(1) b ^ a n to accrue; and "(ii) that portion of the annuity for any month of a spouse as is computed under section 4(b) and as adjusted under section 4(d) shall be subject to a deduction of $1 for each $2 of compensation received by such spouse from compensatied service rendered in such month to the last person, or persons, by whom such spouse was employed before the date on which the annuity of such spouse under subsection (c)(1) b ^ a n to accrue. "(B) Any deductions imposed by this subdivision for any month shall not exceed 50 percent of the annuity amount for such month to which such deductions apply.". (c) EFFBCTTVE DATE.—The amendments made by this section shall 45 USC 23la apply to annuities payable under the Railroad Retirement Act of ^°^1974 for months beginning after the date of enactment of this Act.
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