in 4 annual lump sum installments of $1,250, the first of which shall be made during fiscal year 2018 not later than July 1, 2018, and (II) subparagraph (A) shall not apply in determining such individual’s primary insurance amount. (iv) Upon receipt by the Commissioner as of December 31, 2017, of a timely election filed in accordance with clause (ii) by at least one beneficiary entitled to benefits on the basis of the wages and self-employment income of a deceased individual described in paragraph (4)(B), if such deceased individual has filed no timely election in accordance with clause (ii)— (I) the Commissioner shall certify receipt of all such elections received as of such date to the Secretary of the Treasury, and the Secretary of the Treasury, after receipt of such certification, shall pay each beneficiary filing such a timely election, from amounts in the Federal Old-Age and Survivors Insurance Trust Fund, a total amount equal to $5,000 (or, in the case of two or more such beneficiaries, such amount distributed evenly among such beneficiaries), in 4 equal annual lump sum installments, the first of which shall be made during fiscal year 2018 not later than July 1, 2018, and (II) solely for purposes of determining the amount of such beneficiary’s benefits, subparagraph (A) shall be deemed not to apply in determining the deceased individual’s primary insurance amount. . (b) Effective Date and Related Rules (1) Applicability of amendments (A) In general Except as provided in paragraph (2), the amendments made by this Act shall be effective as though they had been included or reflected in section 201 of the Social Security Amendments of 1977. (B) Applicability No monthly benefit or primary insurance amount under title II of the Social Security Act shall be increased by reason of such amendments for any month before July 2018. (2) Recomputation to reflect benefit increases In any case in which an individual is entitled to monthly insurance benefits under title II of the Social Security Act for June 2018, if such