Proposed Provision: B5.7. Beginning for those newly eligible in 2021, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. 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+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 256 |
2021 | 239 | 239 |
2022 | 223 | 223 |
2023 | 206 | 205 |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 154 | 154 |
2027 | 137 | 137 |
2028 | 120 | 120 |
2029 | 104 | 103 |
2030 | 86 | 86 |
2031 | 69 | 68 |
2032 | 51 | 50 |
2033 | 33 | 32 |
2034 | 14 | 13 |
2035 | -5 | -7 |
2036 | -25 | -27 |
2037 | -46 | -47 |
2038 | -67 | -68 |
2039 | -88 | -90 |
2040 | -110 | -112 |
2041 | -132 | -134 |
2042 | -154 | -156 |
2043 | -176 | -179 |
2044 | -199 | -202 |
2045 | -221 | -224 |
2046 | -244 | -247 |
2047 | -267 | -270 |
2048 | -289 | -293 |
2049 | -312 | -316 |
2050 | -335 | -339 |
2051 | -358 | -362 |
2052 | -381 | -385 |
2053 | -403 | -408 |
2054 | -426 | -431 |
2055 | -450 | -455 |
2056 | -473 | -478 |
2057 | -496 | -502 |
2058 | -520 | -526 |
2059 | -544 | -550 |
2060 | -569 | -575 |
2061 | -594 | -600 |
2062 | -619 | -626 |
2063 | -645 | -652 |
2064 | -671 | -678 |
2065 | -698 | -705 |
2066 | -725 | -732 |
2067 | -752 | -760 |
2068 | -780 | -788 |
2069 | -808 | -817 |
2070 | -837 | -845 |
2071 | -866 | -875 |
2072 | -896 | -905 |
2073 | -927 | -936 |
2074 | -958 | -967 |
2075 | -990 | -999 |
2076 | -1023 | -1033 |
2077 | -1057 | -1067 |
2078 | -1092 | -1102 |
2079 | -1128 | -1138 |
2080 | -1165 | -1175 |
2081 | -1202 | -1212 |
2082 | -1240 | -1250 |
2083 | -1278 | -1288 |
2084 | -1316 | -1327 |
2085 | -1354 | -1365 |
2086 | -1392 | -1404 |
2087 | -1430 | -1442 |
2088 | -1468 | -1480 |
2089 | -1505 | -1517 |
2090 | -1543 | -1555 |
2091 | -1580 | -1592 |
2092 | -1618 | -1630 |
2093 | -1655 | -1668 |
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