Proposed Provision: Beginning in 2012, 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 $1,128 in 2010). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,128/20 = $56.40. (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 |
2011 | 353 | 353 |
2012 | 347 | 347 |
2013 | 341 | 340 |
2014 | 334 | 333 |
2015 | 328 | 327 |
2016 | 321 | 320 |
2017 | 314 | 312 |
2018 | 306 | 303 |
2019 | 296 | 293 |
2020 | 284 | 281 |
2021 | 272 | 268 |
2022 | 259 | 254 |
2023 | 245 | 239 |
2024 | 230 | 224 |
2025 | 214 | 208 |
2026 | 198 | 191 |
2027 | 181 | 173 |
2028 | 164 | 155 |
2029 | 145 | 136 |
2030 | 127 | 116 |
2031 | 107 | 96 |
2032 | 87 | 75 |
2033 | 67 | 54 |
2034 | 46 | 32 |
2035 | 25 | 10 |
2036 | 4 | -13 |
2037 | -18 | -36 |
2038 | -40 | -59 |
2039 | -62 | -82 |
2040 | -85 | -106 |
2041 | -108 | -130 |
2042 | -130 | -154 |
2043 | -153 | -178 |
2044 | -176 | -203 |
2045 | -200 | -227 |
2046 | -223 | -252 |
2047 | -247 | -277 |
2048 | -271 | -303 |
2049 | -295 | -328 |
2050 | -319 | -354 |
2051 | -343 | -380 |
2052 | -368 | -406 |
2053 | -393 | -432 |
2054 | -418 | -459 |
2055 | -443 | -486 |
2056 | -468 | -513 |
2057 | -494 | -541 |
2058 | -521 | -569 |
2059 | -548 | -597 |
2060 | -575 | -626 |
2061 | -602 | -656 |
2062 | -630 | -686 |
2063 | -659 | -716 |
2064 | -687 | -746 |
2065 | -716 | -777 |
2066 | -746 | -808 |
2067 | -775 | -839 |
2068 | -805 | -871 |
2069 | -835 | -903 |
2070 | -866 | -936 |
2071 | -897 | -969 |
2072 | -928 | -1002 |
2073 | -960 | -1035 |
2074 | -992 | -1070 |
2075 | -1025 | -1104 |
2076 | -1058 | -1140 |
2077 | -1092 | -1176 |
2078 | -1126 | -1212 |
2079 | -1161 | -1249 |
2080 | -1196 | -1286 |
2081 | -1232 | -1324 |
2082 | -1268 | -1362 |
2083 | -1305 | -1401 |
2084 | -1342 | -1441 |
2085 | -1380 | -1481 |
2086 | -1419 | -1521 |
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