REDUCTION OF AMOUNT OF WAGES NEEDED TO EARN A YEAR OF COVERAGE APPLICABLE IN DETERMINING SPECIAL MINIMUM PRIMARY INSURANCE AMOUNT.

SEC. 5122. REDUCTION OF AMOUNT OF WAGES NEEDED TO EARN A YEAR OF COVERAGE APPLICABLE IN DETERMINING SPECIAL MINIMUM PRIMARY INSURANCE AMOUNT. (a) In General.—Section 215(a)(1)(C)(ii) (42 U.S.C. 415(a)(1)(C)(ii)) is amended by striking “of not less than 25 percent” the first place it appears and all that follows through “1977) if” and inserting “of not less than 25 percent (in the case of a year after 1950 and before 1978) of the maximum amount which (pursuant to subsection (e)) may be 104 STAT. 1388–284counted for such year, or 25 percent (in the case of a year after 1977 and before 1991) or 15 percent (in the case of a year after 1990) of the maximum amount which (pursuant to subsection (e)) could be counted for such year if”. (b) Retention of Current Amount of Wages Needed To Earn a Year of Coverage for Purposes of Windfall Elimination Provision.—Section 215(a)(7)(D) (42 U.S.C. 415(a)(7)(D)) is amended— (1) in the first sentence, by striking “(as defined in paragraph (1)(C)(ii))”; and (2) by adding at the end (after the table) the following new flush sentence: “For purposes of this subparagraph, the term ‘year of coverage’ shall have the meaning provided in paragraph (1)(C)(ii), except that the reference to ‘15 percent’ therein shall be deemed to be a reference to ‘25 percent’.”.