Proposed Provision: Beginning for those newly eligible in 2015, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 5 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 100 percent of the monthly poverty level (about $972.50 in 2014). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $972.50/20 = $48.60. (c) From 2014 to the year of implementation, 2015, index the PIA per year of coverage using the CPI index. Then, for later years, index the PIA per year of coverage by wage growth for successive cohorts. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248247
2020233232
2021219217
2022203202
2023187185
2024171169
2025154151
2026137134
2027119116
202810197
20298378
20306459
20314438
20322317
20332-5
2034-20-27
2035-42-50
2036-65-73
2037-88-97
2038-112-121
2039-136-146
2040-160-171
2041-185-196
2042-210-222
2043-235-247
2044-260-273
2045-285-299
2046-310-325
2047-336-352
2048-362-379
2049-388-406
2050-415-434
2051-442-461
2052-468-489
2053-495-517
2054-523-545
2055-550-573
2056-578-602
2057-606-632
2058-635-661
2059-664-692
2060-694-723
2061-725-754
2062-756-786
2063-787-819
2064-819-852
2065-852-886
2066-885-920
2067-918-954
2068-952-989
2069-987-1025
2070-1022-1061
2071-1057-1098
2072-1094-1136
2073-1132-1175
2074-1171-1215
2075-1210-1256
2076-1251-1298
2077-1293-1341
2078-1335-1385
2079-1378-1429
2080-1421-1474
2081-1464-1518
2082-1507-1563
2083-1550-1607
2084-1593-1652
2085-1636-1697
2086-1680-1742
2087-1724-1787
2088-1769-1833
2089-1814-1880
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