(k) Noncovered Remunerative Activity Outside the United (1) Good Cause for Failure to Make Required Reports__- Sec. 204. Overpayments and Underpayments.-- (a) Adjustment of Errors in Payments.. (b) When Adjustment or Recovery of Overpayment Not Made__ (c) Nonliability of Certifying or Disbursing Officer.- Sec. 205. Evidence, Procedure, and Certification for Payment.. (b) Decisions by Secretary Regarding Rights of Claimants___. (d) Authority of Secretary to Issue Subpoenas_ (g) Review of Secretary's Decision by Court__ (h) Finality of Secretary's Decision.. (i) Certification by Secretary for Payment.. Crediting of Compensation Under the Railroad Retirement (p) Special Rules in Case of Federal Service Regarding Deter- Sec. 206. Representation of Claimants Before the Secretary- Sec. 207. Nonassignability of Benefits__- (a) False Statements to Obtain Increase in Benefits.. (b) False Statements on Applications. (c) False Statements Made for Use in Determining Rights to (d) Fraudulent Concealment or Failure to Disclose Events (e) Willful Conversion of Benefits by Representative Payee___ (f) Payment of Employee Tax by Employer Excluded. (g) Payments in Kind and Certain Cash Payments for Domestic (h) Remuneration For Agricultural Labor-When Excluded__. (a) Employment; Excluded Employment Defined__ 53 (a) Net Earnings from Self-Employment Defined... (b) Self-Employment Income Defined.. (c) Trade or Business Defined___ (d) Partnership and Partner Defined. (e) Taxable Year Defined... Computing Deceased's Net Earnings From Self-Employ When Partnership Taxable Year Ends Because of D (b) Taxable Year Other Than a Calendar Year... (b) Crediting of Wages Paid in 1937. Sec. 214. Insured Status for Purposes of Old-Age and Survivors Ins (b) Currently Insured Individual_ Sec. 215. Computation of Primary Insurance Amount_. (a) Primary Insurance Amount_. (b) Average Monthly Wage.......... (c) Primary Insurance Amount Under 1954 Act.. (d) Primary Insurance Benefit Under 1939 Act_ (e) Maximum Creditable Earnings; Rounding of A Monthly Wage; Certain Wages and Self-Employ (h) Exclusion, Under Certain Circumstances, of Remune (h) Determination of Status as Wife, Husband, Widow, Wid (i) Disability; Period of Disability- (j) When Periods of Limitation End on Nonwork Days_- Sec. 217. Benefits in Case of Veterans___. (a) Wage Credits for World War II Service.. (b) Insured Status of World War II Veteran Dying Wit (c) Time for Parent of Deceased Veteran to File Pro (d) Definition of World War II and World War II Vetera Sec. 219. Repealed. [Effective Date in Case of Puerto Rico]- Sec. 220. Disability Provisions Inapplicable If Benefit Rights Impaired__ Sec. 222. Rehabilitation Services. (a) Referral for Rehabilitation Services_ (b) Deductions on Account of Refusal to Accept Rehabilitation Federal Old-Age and Survivors Insurance Trust Fund and Federal Disability Insurance Trust Fund Section 201. (a) There is hereby created on the books of the Treas- ury of the United States a trust fund to be known as the "Federal Old-Age and Survivors Insurance Trust Fund". The Federal Old-Age and Survivors Insurance Trust Fund shall consist of the securities held by the Secretary of the Treasury for the Old-Age Re- serve Account and the amount standing to the credit of the Old-Age Reserve Account on the books of the Treasury on January 1, 1940, which securities and amount the Secretary of the Treasury is author- ized and directed to transfer to the Federal Old-Age and Survivors Insurance Trust Fund, and, in addition, such amounts as may be appropriated to, or deposited in, the Federal Old-Age and Survivors Insurance Trust Fund as hereinafter provided. There is hereby appropriated to the Federal Old-Age and Survivors Insurance Trust Fund for the fiscal year ending June 30, 1941, and for each fiscal year thereafter, out of any moneys in the Treasury not otherwise appropriated, amounts equivalent to 100 per centum of— (1) the taxes (including interest, penalties, and additions to the taxes) received under subchapter A of chapter 9 of the Internal Revenue Code of 1939 (and covered into the Treasury) which are deposited into the Treasury by collectors of internal revenue before January 1, 1951; and (2) the taxes certified each month by the Commissioner of Internal Revenue as taxes received under subchapter A of chapter 9 of such Code which are deposited into the Treasury by collectors of internal revenue after December 31, 1950, and before January 1, 1953, with respect to assessments of such taxes made before January 1, 1951; and 1 (3) the taxes imposed by subchapter A of chapter 9 of such Code with respect to wages (as defined in section 1426 of such Code), and by chapter 21 of the Internal Revenue Code of 1954 with respect to wages (as defined in section 3121 of such Code) 1 reported to the Commissioner of Internal Revenue pursuant to section 1420 (c) of the Internal Revenue Code of 1939 after December 31, 1950, or to the Secretary of the Treasury or his delegates pursuant to subtitle F of the Internal Revenue Code of 1954 after December 31, 1954, as determined by the Secretary of the Treasury by applying the applicable rates of tax under such subchapter or chapter 21 to such wages, which wages shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of wages established and maintained by such Secretary in accordance with such reports, less the amounts specified in clause (1) of subsection (b) of this section; and 2 3 4 (4) the taxes imposed by subchapter E of chapter 1 of the Internal Revenue Code of 1939, with respect to self-employment income (as defined in section 481 of such Code), and by chapter 2 of the Internal Revenue Code of 1954 with respect to selfemployment income (as defined in section 1402 of such Code) * reported to the Commissioner of Internal Revenue on tax returns under such subchapter or to the Secretary of the Treasury, or his delegate on tax returns under subtitle F of such Code, as determined by the Secretary of the Treasury by applying the applicable rate of tax under such subchapter or chapter to such self-employment income, which self-employment income shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of self-employment income established and maintained by the Secretary of Health, Education, and 1 See p. 335. 2 For deposits in Trust Fund on account of taxes on remuneration considered wages pursuant to agreements entered into by domestic corporations with respect to their foreign subsidiaries, see sec. 3121 (1) (6) of the Internal Revenue Code of 1954, p. 335. Formerly the (Federal Security) Administrator. See "Administration of Social Security Act" under Preface, p. III. See p. 325. Welfare in accordance with such returns, less the amounts specified in clause (2) of subsection (b) of this section. The amounts appropriated by clauses (3) and (4) shall be transferred from time to time from the general fund in the Treasury to the Federal Old-Age and Survivors Insurance Trust Fund, and the amounts appropriated by clauses (1) and (2) of subsection (b) shall be transferred from time to time from the general fund in the Treasury to the Federal Disability Insurance Trust Fund, such amounts to be determined on the basis of estimates by the Secretary of the Treasury of the taxes, specified in clauses (3) and (4) of this subsection, paid to or deposited into the Treasury; and proper adjustments shall be made in amounts subsequently transferred to the extent prior estimates were in excess of or were less than the taxes specified in such clauses (3) and (4) of this subsection. (b) There is hereby created on the books of the Treasury of the United States a trust fund to be known as the "Federal Disability Insurance Trust Fund". The Federal Disability Insurance Trust Fund shall consist of such amounts as may be appropriated to, or deposited in, such fund as provided in this section. There is hereby appropriated to the Federal Disability Insurance Trust Fund for the fiscal year ending June 30, 1957, and for each fiscal year thereafter, out of any moneys in the Treasury not otherwise appropriated, amounts equivalent to 100 per centum of 5 (1) 1⁄2 of 1 per centum of the wages (as defined in section 3121 of the Internal Revenue Code of 1954) paid after December 31, 1956, and reported to the Secretary of the Treasury or his delegate pursuant to subtitle F of the Internal Revenue Code of 1954, which wages shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of wages established and maintained by such Secretary in accordance with such reports; and 6 (2) 3% of 1 per centum of the amount of self-employment income (as defined in section 1402 of the Internal Revenue Code of 1954) reported to the Secretary of the Treasury or his delegate on tax returns under subtitle F of the Internal Revenue Code of 1954 for any taxable year beginning after December 31, 1956, which self-employment income shall be certified by the Secretary of Health, Education, and Welfare on the basis of the records of self-employment income established and maintained by the Secretary of Health, Education, and Welfare in accordance with such returns. (c) With respect to the Federal Old-Age and Survivors Insurance Trust Fund and the Federal Disability Insurance Trust Fund (hereinafter in this title called the "Trust Funds") there is hereby created a body to be known as the Board of Trustees of the Trust Funds (hereinafter in this title called the "Board of Trustees") which Board of Trustees shall be composed of the Secretary of the Treasury, the Secretary of Labor, and the Secretary of Health, Education, and Welfare, all ex officio. The Secretary of the Treasury shall be the Managing Trustee of the Board of Trustees (hereinafter in this title. See p. 335. See p. 325. |