‘‘(5) pay the compensation, per diem, and travel 
expenses of individuals appointed under paragraphs 
(1), (2), and (6) from the Tier I Investment Fund 
or the Tier II Investment Fund, in accordance with 
regulations of the Board; 
‘‘(6) accept and use the services of individuals 
employed intermittently in the Government service 
and reimburse such individuals for travel expenses, 
authorized by section 5703 of title 5, United States 
Code, including per diem as authorized by section 
5702 of such title; 
‘‘(7) except as otherwise expressly prohibited by 
law or the policies of the Board, delegate any of the 
Executive Director’s functions to such employees 
under the Board as the Executive Director may des-
ignate and authorize such successive redelegations of 
such functions to such employees under the Board 
as the Executive Director may consider to be nec-
essary or appropriate; and 
‘‘(8) take such other actions as are appropriate 
to carry out the functions of the Executive Direc-
tor.’’. 
(b) EFFECTIVE DATE.—The amendments made by 
this section shall apply with respect to wages paid after 
December 31, 2005, for pay periods ending after such
date and self-employment income for taxable years begin-
ning after such date. 
SEC. 102. MONTHLY INSURANCE BENEFITS FOR PARTICI-
PATING INDIVIDUALS. 
Section 202 of the Social Security Act (42 U.S.C. 
402) is amended by adding at the end the following new 
subsection: 
‘‘Benefits for Participants Under Part B 
‘‘(z)(1) Notwithstanding the preceding provisions of 
this section— 
‘‘(A) a participating individual under the Per-
sonal Social Security Savings Accounts Program 
under part B shall not be entitled to old-age insur-
ance benefits under subsection (a); and 
‘‘(B) except as provided in paragraph (2), no 
individual shall be entitled to benefits under this sec-
tion on the basis of the wages and self-employment 
income of such a participating individual. 
‘‘(2) In the case of any such participating individual 
who dies before such individual purchases a personal social 
security savings annuity under section 258, paragraph 
(1)(B) shall not apply with respect to child’s insurance 
benefits under subsection (d), widow’s insurance benefits 
under subsection (e), widower’s insurance benefits under 
subsection (f), mother’s and father’s insurance benefits
under subsection (g), and parent’s insurance benefits 
under subsection (h).’’. 
SEC. 103. GENERAL FUND TRANSFERS TO THE FEDERAL 
OLD-AGE AND SURVIVORS INSURANCE TRUST 
FUND. 
(a) RECAPTURE OF CORPORATE TAX ON ACCOUNT 
YIELDS.— 
(1) IN GENERAL.—Section 201 of the Social 
Security Act (42 U.S.C. 401) is amended by adding 
at the end the following new subsection: 
‘‘Recapture of Corporate Tax on Yields From Personal 
Social Security Savings Account Investments 
‘‘(o) The Secretary of the Treasury, in consultation 
with the Personal Social Security Savings Board, shall es-
timate and transfer to the Federal Old-Age and Survivors 
Insurance Trust Fund within 3 months after the end of 
each fiscal year an amount equal to the recapture amount 
for such fiscal year. For purposes of the preceding sen-
tence, the recapture amount for any fiscal year shall be 
equal to the amount of corporate tax receipts under the 
Internal Revenue Code of 1986 deposited in the Treasury 
for that fiscal year which are attributable to personal so-
cial security savings account investments under part B of 
this title.’’.