Proposed Provision: Beginning in 2014, 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 6, with a limit of 5 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 100 percent of the monthly poverty level (about $957.50 in 2013). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $957.50/20 = $47.90. (c) From 2013 to the year of implementation, 2014, index the PIA per year of coverage using the CPI index. Then, for later years, index the 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
2013330330
2014315315
2015301301
2016286285
2017271270
2018257256
2019244243
2020231229
2021218216
2022204201
2023189186
2024173170
2025158154
2026142138
2027125120
2028108103
20299084
20307165
20315245
20323124
2033113
2034-11-19
2035-32-41
2036-55-64
2037-78-88
2038-101-112
2039-124-136
2040-148-160
2041-172-185
2042-196-210
2043-220-235
2044-245-261
2045-269-286
2046-294-312
2047-319-338
2048-345-365
2049-371-391
2050-397-418
2051-423-446
2052-449-473
2053-476-501
2054-502-528
2055-530-557
2056-557-585
2057-585-614
2058-613-644
2059-642-674
2060-671-704
2061-701-735
2062-732-767
2063-763-799
2064-794-832
2065-826-865
2066-859-899
2067-892-933
2068-925-968
2069-959-1003
2070-993-1039
2071-1028-1075
2072-1064-1113
2073-1101-1151
2074-1139-1190
2075-1178-1230
2076-1217-1272
2077-1258-1314
2078-1299-1356
2079-1340-1400
2080-1382-1443
2081-1424-1486
2082-1466-1530
2083-1508-1573
2084-1550-1617
2085-1592-1661
2086-1635-1705
2087-1678-1750
2088-1722-1796
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