Proposed Provision: Beginning for those newly eligible in 2015, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,197 in 2013). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,197/20 = $59.85. (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 Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248247
2020233232
2021219217
2022203201
2023187185
2024171168
2025154151
2026137133
2027119115
202810196
20298377
20306457
20314436
20322315
20332-7
2034-20-30
2035-42-53
2036-65-76
2037-88-100
2038-112-125
2039-136-150
2040-160-175
2041-185-201
2042-210-227
2043-235-253
2044-260-279
2045-285-305
2046-310-332
2047-336-359
2048-362-386
2049-388-414
2050-415-442
2051-442-470
2052-468-498
2053-495-526
2054-523-555
2055-550-584
2056-578-613
2057-606-643
2058-635-673
2059-664-704
2060-694-736
2061-725-768
2062-756-800
2063-787-833
2064-819-867
2065-852-901
2066-885-936
2067-918-971
2068-952-1006
2069-987-1043
2070-1022-1079
2071-1057-1117
2072-1094-1156
2073-1132-1195
2074-1171-1236
2075-1210-1278
2076-1251-1320
2077-1293-1364
2078-1335-1408
2079-1378-1453
2080-1421-1498
2081-1464-1543
2082-1507-1589
2083-1550-1634
2084-1593-1679
2085-1636-1725
2086-1680-1770
2087-1724-1816
2088-1769-1863
2089-1814-1911
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