Page:United States Statutes at Large Volume 82.djvu/59

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PUBLIC LAW 90-000—MMMM. DD, 1968

82 STAT. ]

PUBLIC LAW 90-257-FEB. 15, 1968

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"reductions", and by striking out "section 3(a)(1) of this Act" and all that follows and inserting in lieu thereof "section 3(a)(2).". (b) Section 2(i) of such Act is amended by striking out "the firet so Stat. 1075. two provisos in section 3(a)(1) " and all that follows and inserting in lieu thereof "the second proviso in section 3(a)(2), except that, notwithstanding other provisions of this subsection, the spouse's annuity shall (before any reduction on account of age) not be less than one-half of the amount computed in section 3(a)(1) increased by $5 or, if the spouse is entitled to benefits under title II of the Social Security Act, '•^ use 4oi. by the excess of $5 over 5.8 per centum of the lesser of (i) any benefit to which such spouse is entitled under title II of the Social Security Act, or (ii) the spouse's annuity to which such spouse would be entitled without regard to section 3(a)(2) and before any reduction on account of age, but in no case shall such an annuity (before any reduction on account of age) be more than the maximum amount of a spouse's annuity as provided in subsection (e)." SEC. 104. (a) Section 3(a) of the Railroad Retirement Act of 1937 „ c°^p"t«ti°'^ °f T -, - ^ ^ 1

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IS amended by striking out all that appears therein and inserting m lieu thereof the following: "SEC. 3. (a)(1) The annuity of an individual shall be computed by multiplying his 'years of service' by the following percentages of his 'monthly compensation': 3.58 per centum of the first $50; 2,69 per centum of the next $100; and 1.79 per centum of the remainder up to a total of (i) $450, or (ii) an amount equal to one-twelfth of the current maximum and taxable 'wages' as defined in section 3121 of the Internal Revenue Code of 1954, whichever is greater. "(2) The annuity of the individual (as computed under paragraph (1) of this subsection, or under that part of subsection (e) of this section preceding the first proviso) shall be increased in an amount deter^ mined from his monthly compensation by use of the following table: "Monthly compensation: U p to $100 $101 to $150 $151 to $200 $201 to $250 $251 to $300 $301 to $350 $351 to $400 $401 to $450 $451 to $500 $501 to $550 $551 to $600 $601 and over

annuities.

so Stat. 1075. 45 USC 228c.

68A Stat. 4 1 7. 26 USC 3121.

Increase $9.13 11. 22 12.87 14.63 16.17 17. 82 19. 47 20. 90 22.55 24.09 27. 83 31.46

The amount of the increase shall be the amount on the same line as that in which the range of monthly compensation includes his monthly compensation: Provided, however, That, for months with respect to which the individual is entitled to a supplemental annuity under subsection (j), the increase provided in this paragraph shall be reduced by *° ^*^* • ^ °^^ • 6.55 per centum of the amount determined under paragraph (1), or