CALCULATION OF THE WINDFALL BENEFIT GUARANTEE AMOUNT BASED ON PENSION AMOUNTS PAYABLE IN THE FIRST MONTH OF CONCURRENT ENTITLEMENT RATHER THAN CONCURRENT ELIGIBILITY.

SEC. 8011. CALCULATION OF THE WINDFALL BENEFIT GUARANTEE AMOUNT BASED ON PENSION AMOUNTS PAYABLE IN THE FIRST MONTH OF CONCURRENT ENTITLEMENT RATHER THAN CONCURRENT ELIGIBILITY. (a) In General.—Section 215(a)(7) of the Social Security Act (42 U.S.C. 415(a)(7)) is amended— (1) in subparagraph (A), by striking “with respect to the initial month in which the individual becomes eligible for such benefits”; (2) in the second sentence of subparagraph (B)(i), by striking “eligibility for old-age or disability insurance benefits” and inserting “concurrent entitlement to such monthly periodic payment and old-age or disability insurance benefits”; and (3) in subparagraph (C), by striking clause (iii) and redesignating clause (iv) as clause (iii). (b) Conforming Amendment.—Section 215(d)(5)(ii) of such Act (42 U.S.C. 415(d)(5)(ii)) is amended by striking “his or her eligibility for old-age or disability insurance benefits” and inserting “such concurrent entitlement”. (c) Effective Date.—The amendments made by this section shall apply to benefits based on applications filed after the month in which this Act is enacted.