1 2 3 4 5 6 7 8 3 (1) by striking out "1965" wherever it appears in the second sentence thereof and inserting in lieu thereof "1973"; (2) by striking out "(i) $450, or (ii)" wherever it appears in the second sentence thereof; and (3) by striking out ", whichever is greater," wherever it appears in the second sentence thereof. (c) Section 3211 (a) of such Code (relating to the 9 rate of tax on employee representatives under the Railroad 10 Retirement Tax Act) is amended by striking out all that 11 appears therein and inserting in lieu thereof the following: 12 "In addition to other taxes, there is hereby imposed on 13 the income of each employee representative a tax equal to 14 9.5 percent plus the sum of the rates of tax imposed with 15 respect to wages by sections 3101 (a), 3101 (b), 3111 (a), 16 and 3111 (b) of the Internal Revenue Code of 1954 of so 17 much of the compensation paid to such employee repre18 sentative for services rendered by him after September 30, 19 1973, as is not in excess of an amount equal to one-twelfth 20 of the current maximum annual taxable 'wages' as defined 21 in section 3121 of the Internal Revenue Code of 1954 for 22 any month after September 30, 1973." 23 (d) Section 3221 (a) of such Code (relating to the rate 24 of tax on employers under the Railroad Retirement Tax 25 Act) is amended by striking out "In addition to other 4 taxes" and all that follows to "except that" and inserting 2 in lieu thereof the following: 3 "In addition to other taxes, there is hereby imposed on 4 every employer an excise tax, with respect to having indi5 viduals in his employ, equal to 9.5 percent of so much of 6 the compensation paid by such employer for services ren7 dered to him after September 30, 1973, as is, with respect 8 to any employee for any calendar month, not in excess of 9 an amount equal to one-twelfth of the current maximum 10 annual taxable 'wages' as defined in section 3121 of the 11 Internal Revenue Code of 1954 for any month after Sep12 tember 30, 1973;". 13 (e) Section 3221 (a) of such Code, as amended by 14 section 102 (d) of this Act is further amended— 15 16 17 18 19 20 22 (1) by striking out "1965" wherever it appears in the first sentence thereof and inserting in lieu thereof "1973"; (2) by striking out "(i) $450, or (ii)" wherever it appears in the first sentence thereof; and (3) by striking out ", whichever is greater," wherever it appears in the first sentence thereof. (f) Section 3221 (b) of such Code is amended by strik 23 ing out all that appears therein and inserting in lieu thereof 24 the following: 5 1 "The rate of tax imposed by subsection (a) shall be 2 increased, with respect to compensation paid for services 3 rendered after September 30, 1973, by the rate of tax im4 posed with respect to wages by section 3111 (a) of the In5 ternal Revenue Code of 1954 plus the rate imposed by sec6 tion 3111 (b) of such Code." 7 SEC. 103. (a) Section 6 of Public Law 91-377, as 8 amended by section 8 (c) of Public Law 92-46, is further 9 amended by striking out "June 30, 1973" each time that 10 date appears and inserting in lieu thereof "December 31, 11 1974". 12 (b) Section 8 (b) of Public Law 92-46 is amended by 13 striking out "June 30, 1973" each time that date appears 14 and inserting in lieu thereof "December 31, 1974". 15 (c) Section 5 (b) of Public Law 92-460 is amended by 16 striking out "June 30, 1973" each time that date appears 17 and inserting in lieu thereof "December 31, 1974”. 18 SEC. 104. (a) Section 3 (a) of the Railroad Retirement 19 Act of 1937 is amended by inserting at the end thereof the 20 following new paragraph: 21 "(6) If title II of the Social Security Act is amended to 22 provide an increase in benefits payable thereunder at any time 23 during the period July 1, 1973, through December 31, 1974, 24 the individual's annuity computed under the preceding provi25 sions of this subsection and that part of subsection (e) of 6 1 this section which precedes the first proviso shall be increased 2 in an amount equal to the difference between (i) the amount 3 (before any reduction on account of age) which would be 4 payable to such individual under the then current law if his 5 10 or her annuity were computed under the first proviso of sec6 tion 3 (e) of this Act, without regard to the words 'plus 10 7 per centum of such amount' contained therein; and (ii) 8 the amount (before any reduction on account of age) which 9 would have been payable to such individual under the law as in effect prior to July 1, 1973, if his or her annuity had 11 been computed under such first proviso of section 3 (e) 12 of this Act, without regard to the words 'plus 10 per centum 13 of such total amount' contained therein (assuming for this 14 purpose that the eligibility conditions and the proportions 15 of the primary insurance amounts payable under the then 16 current Social Security Act had been in effect prior to July 1, 17 1973): Provided, however, That in computing such amount, 18 only the social security benefits which would have been 19 payable to the individual whose annuity is being computed 20 under this Act shall be taken into account: Provided further, 21 That if an annuity accrues to an individual for a part of a 22 month the added amount payable for such part of a month 23 under this section shall be one-thirtieth of the added amount 24 payable under this section for an entire month, multiplied 25 by the number of days in such part of a month. If wages 7 1 or compensation prior to 1951 are used in making any com2 putation required by this paragraph, the Railroad Retire3 ment Board shall have the authority to approximate the 4 primary insurance amount to be utilized in making such 5 computation. In making any computation required by this 6 paragraph, any benefit to which an individual may be en7 titled under title II of the Social Security Act shall be dis8 regarded. For purposes of this paragraph, individuals entitled 9 to an annuity under section 2 (a) (2) of this Act shall be 10 deemed to be age 65, and individuals entitled to an annuity 11 under section 2 (a) (3) of this Act who have not attained 12 age 62 shall be deemed to be age 62. Individuals entitled to 13 annuities under section 2 (a) (4) or 2 (a) (5) of this Act 14 for whom no disability freeze has been granted shall be 15 treated in the same manner for purposes of this paragraph as individuals entitled to annuities under section 2 (a) (4) or 17 2(a) (5) for whom a disability freeze has been granted. 18 In the case of an individual who is entitled to an annuity 19 under this Act but whose annuity is based on insufficient 20 quarters of coverage to have a benefit computed, either 21 actually or potentially, under the first proviso of section 22 3 (c) of this Act, the average monthly wage to be used 23 in determining the amount to be added to the annuity of 16 24 such individual shall be equal to the average monthly com 25 pensation or the average monthly earnings, whichever is |