Proposed Provision: Beginning for those newly eligible in 2016, 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 $1,238 in 2013). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,238/11 = $112.60. (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 Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248247
2020233233
2021219218
2022203202
2023187186
2024171170
2025154153
2026137135
2027119117
202810199
20298380
20306461
20314440
20322319
20332-2
2034-20-24
2035-42-47
2036-65-70
2037-88-94
2038-112-118
2039-136-142
2040-160-167
2041-185-192
2042-210-217
2043-235-243
2044-260-268
2045-285-294
2046-310-320
2047-336-346
2048-362-373
2049-388-400
2050-415-427
2051-442-454
2052-468-482
2053-495-509
2054-523-537
2055-550-565
2056-578-594
2057-606-623
2058-635-652
2059-664-682
2060-694-713
2061-725-744
2062-756-776
2063-787-808
2064-819-840
2065-852-874
2066-885-907
2067-918-942
2068-952-976
2069-987-1012
2070-1022-1047
2071-1057-1084
2072-1094-1122
2073-1132-1160
2074-1171-1200
2075-1210-1240
2076-1251-1282
2077-1293-1324
2078-1335-1368
2079-1378-1411
2080-1421-1455
2081-1464-1499
2082-1507-1543
2083-1550-1587
2084-1593-1631
2085-1636-1676
2086-1680-1720
2087-1724-1765
2088-1769-1811
2089-1814-1857
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