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 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 $1,197 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
2017277276
2018262261
2019248246
2020233231
2021219216
2022203200
2023187183
2024171166
2025154148
2026137130
2027119112
202810193
20298374
20306453
20314432
20322311
20332-12
2034-20-35
2035-42-58
2036-65-82
2037-88-107
2038-112-131
2039-136-157
2040-160-183
2041-185-209
2042-210-235
2043-235-261
2044-260-288
2045-285-315
2046-310-342
2047-336-369
2048-362-397
2049-388-425
2050-415-454
2051-442-482
2052-468-511
2053-495-540
2054-523-569
2055-550-598
2056-578-628
2057-606-659
2058-635-689
2059-664-721
2060-694-753
2061-725-785
2062-756-818
2063-787-852
2064-819-886
2065-852-921
2066-885-956
2067-918-992
2068-952-1028
2069-987-1065
2070-1022-1103
2071-1057-1141
2072-1094-1180
2073-1132-1221
2074-1171-1262
2075-1210-1304
2076-1251-1348
2077-1293-1392
2078-1335-1437
2079-1378-1483
2080-1421-1529
2081-1464-1574
2082-1507-1620
2083-1550-1666
2084-1593-1712
2085-1636-1758
2086-1680-1805
2087-1724-1852
2088-1769-1899
2089-1814-1947
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