Proposed Provision: B5.5. Beginning for those newly eligible in 2020, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,303 in 2017). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,303/11 = $118.50. (c) Index the initial 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 Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206205
2024188188
2025171171
2026154153
2027137137
2028120120
2029104103
20308685
20316968
20325150
20333331
20341412
2035-5-7
2036-25-27
2037-46-48
2038-67-69
2039-88-91
2040-110-113
2041-132-135
2042-154-157
2043-176-180
2044-199-203
2045-221-226
2046-244-249
2047-267-272
2048-289-295
2049-312-318
2050-335-341
2051-358-364
2052-381-387
2053-403-410
2054-426-434
2055-450-457
2056-473-481
2057-496-505
2058-520-529
2059-544-553
2060-569-578
2061-594-604
2062-619-629
2063-645-656
2064-671-682
2065-698-709
2066-725-737
2067-752-765
2068-780-793
2069-808-822
2070-837-851
2071-866-880
2072-896-911
2073-927-942
2074-958-974
2075-990-1006
2076-1023-1040
2077-1057-1074
2078-1092-1110
2079-1128-1146
2080-1165-1183
2081-1202-1221
2082-1240-1259
2083-1278-1298
2084-1316-1336
2085-1354-1375
2086-1392-1414
2087-1430-1452
2088-1468-1491
2089-1505-1529
2090-1543-1567
2091-1580-1605
2092-1618-1643
2093-1655-1681
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