Proposed Provision: Beginning for those newly eligible in 2016, increase the special minimum benefit to 100 of poverty by: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Up to 5 additional years with a child under 6. (b) Set the PIA for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 301 |
2016 | 286 | 286 |
2017 | 271 | 271 |
2018 | 257 | 257 |
2019 | 244 | 244 |
2020 | 231 | 230 |
2021 | 218 | 217 |
2022 | 204 | 203 |
2023 | 189 | 188 |
2024 | 173 | 173 |
2025 | 158 | 157 |
2026 | 142 | 140 |
2027 | 125 | 124 |
2028 | 108 | 106 |
2029 | 90 | 88 |
2030 | 71 | 69 |
2031 | 52 | 50 |
2032 | 31 | 29 |
2033 | 11 | 9 |
2034 | -11 | -13 |
2035 | -32 | -35 |
2036 | -55 | -57 |
2037 | -78 | -80 |
2038 | -101 | -104 |
2039 | -124 | -127 |
2040 | -148 | -151 |
2041 | -172 | -175 |
2042 | -196 | -200 |
2043 | -220 | -224 |
2044 | -245 | -249 |
2045 | -269 | -274 |
2046 | -294 | -299 |
2047 | -319 | -324 |
2048 | -345 | -350 |
2049 | -371 | -376 |
2050 | -397 | -402 |
2051 | -423 | -429 |
2052 | -449 | -455 |
2053 | -476 | -482 |
2054 | -502 | -509 |
2055 | -530 | -536 |
2056 | -557 | -564 |
2057 | -585 | -592 |
2058 | -613 | -621 |
2059 | -642 | -650 |
2060 | -671 | -679 |
2061 | -701 | -710 |
2062 | -732 | -740 |
2063 | -763 | -772 |
2064 | -794 | -803 |
2065 | -826 | -835 |
2066 | -859 | -868 |
2067 | -892 | -901 |
2068 | -925 | -935 |
2069 | -959 | -969 |
2070 | -993 | -1003 |
2071 | -1028 | -1039 |
2072 | -1064 | -1075 |
2073 | -1101 | -1112 |
2074 | -1139 | -1150 |
2075 | -1178 | -1189 |
2076 | -1217 | -1229 |
2077 | -1258 | -1270 |
2078 | -1299 | -1311 |
2079 | -1340 | -1353 |
2080 | -1382 | -1395 |
2081 | -1424 | -1437 |
2082 | -1466 | -1479 |
2083 | -1508 | -1521 |
2084 | -1550 | -1563 |
2085 | -1592 | -1606 |
2086 | -1635 | -1649 |
2087 | -1678 | -1692 |
2088 | -1722 | -1736 |
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