Proposed Provision: B5.3. Beginning for those newly eligible in 2019, 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 5, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,256 in 2017). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,256/20 = $62.80. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

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

Year Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223222
2023206204
2024188187
2025171169
2026154151
2027137134
2028120117
202910499
20308682
20316964
20325145
20333326
2034146
2035-5-14
2036-25-35
2037-46-56
2038-67-78
2039-88-101
2040-110-123
2041-132-147
2042-154-170
2043-176-194
2044-199-217
2045-221-241
2046-244-265
2047-267-289
2048-289-313
2049-312-337
2050-335-362
2051-358-386
2052-381-411
2053-403-435
2054-426-460
2055-450-484
2056-473-509
2057-496-535
2058-520-560
2059-544-586
2060-569-612
2061-594-639
2062-619-666
2063-645-694
2064-671-722
2065-698-751
2066-725-780
2067-752-809
2068-780-839
2069-808-869
2070-837-900
2071-866-931
2072-896-963
2073-927-995
2074-958-1029
2075-990-1063
2076-1023-1098
2077-1057-1134
2078-1092-1172
2079-1128-1210
2080-1165-1249
2081-1202-1289
2082-1240-1329
2083-1278-1369
2084-1316-1410
2085-1354-1451
2086-1392-1492
2087-1430-1532
2088-1468-1572
2089-1505-1612
2090-1543-1652
2091-1580-1692
2092-1618-1732
2093-1655-1772
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