In general— Section 215(a)(7)(D) of the Social Security Act (42 U.S.C. 415(a)(7)(D)) is amended by striking “30” each place it appears and inserting “25”.
Partial exemptions— Section 215(a)(7)(D) of the Social Security Act (42 U.S.C. 415(a)(7)(D)) is further amended by striking the table and inserting the following:
Reduction of the dollar amount required To constitute a year of coverage— Section 215(a)(7)(D) of the Social Security Act (42 U.S.C. 415(a)(7)(D)) is amended by striking “the reference to “15 percent” therein shall be deemed to be a reference to “25 percent”” and inserting “each of the references to “25 percent” and the reference to “15 percent” therein shall each be deemed to be a reference to “12.5 percent””.
In general— The amendments made by this section shall apply with respect to monthly insurance benefits payable for any month beginning after the date of the enactment of this Act.
Recomputation of primary insurance amounts— Notwithstanding section 215(f) of the Social Security Act, the Commissioner of Social Security shall recompute primary insurance amounts originally computed for months prior to the date of the enactment of this Act to the extent necessary to carry out the amendment made by this section.