Proposed Provision: B5.5. Beginning for those newly eligible in 2018, 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 $1,260 in 2015). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,260/11 = $114.50. (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 |
Present Law |
Provision |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 261 |
2020 | 246 | 246 |
2021 | 231 | 231 |
2022 | 216 | 215 |
2023 | 200 | 199 |
2024 | 183 | 182 |
2025 | 165 | 165 |
2026 | 149 | 148 |
2027 | 132 | 131 |
2028 | 115 | 114 |
2029 | 98 | 97 |
2030 | 81 | 79 |
2031 | 64 | 62 |
2032 | 46 | 44 |
2033 | 27 | 25 |
2034 | 8 | 6 |
2035 | -11 | -13 |
2036 | -30 | -33 |
2037 | -50 | -53 |
2038 | -71 | -74 |
2039 | -91 | -95 |
2040 | -112 | -116 |
2041 | -133 | -137 |
2042 | -154 | -159 |
2043 | -176 | -180 |
2044 | -197 | -202 |
2045 | -218 | -224 |
2046 | -240 | -246 |
2047 | -262 | -268 |
2048 | -283 | -290 |
2049 | -305 | -312 |
2050 | -327 | -334 |
2051 | -349 | -356 |
2052 | -371 | -379 |
2053 | -393 | -401 |
2054 | -415 | -424 |
2055 | -437 | -446 |
2056 | -460 | -469 |
2057 | -482 | -492 |
2058 | -506 | -516 |
2059 | -529 | -540 |
2060 | -553 | -564 |
2061 | -578 | -589 |
2062 | -603 | -614 |
2063 | -628 | -640 |
2064 | -654 | -666 |
2065 | -680 | -693 |
2066 | -706 | -720 |
2067 | -733 | -747 |
2068 | -760 | -775 |
2069 | -788 | -803 |
2070 | -816 | -832 |
2071 | -845 | -861 |
2072 | -874 | -891 |
2073 | -905 | -921 |
2074 | -935 | -953 |
2075 | -967 | -985 |
2076 | -1000 | -1018 |
2077 | -1033 | -1052 |
2078 | -1068 | -1087 |
2079 | -1102 | -1123 |
2080 | -1138 | -1158 |
2081 | -1173 | -1194 |
2082 | -1208 | -1230 |
2083 | -1243 | -1266 |
2084 | -1279 | -1302 |
2085 | -1314 | -1337 |
2086 | -1349 | -1373 |
2087 | -1384 | -1409 |
2088 | -1419 | -1445 |
2089 | -1455 | -1481 |
2090 | -1491 | -1518 |
2091 | -1528 | -1555 |
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