Proposed Provision: Beginning for those newly eligible for benefits in 2017, increase the special minimum benefit by making the following changes. (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) Set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,128 in 2009). The PIA per year of coverage (after the first 10 years) would be $1,128/20 = $56.40. (c) Increase the PIA per year of coverage from 2009 to the year of implementation, 2017, using the chain-CPI index; then index the initial PIA per year of coverage by wage growth for successive cohorts, so that the special minimum keeps up with the wage-indexed benefit formula. Scale work requirements for disabled workers based on the years of potential work (not disabled).

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350350
2013346346
2014341341
2015335335
2016330330
2017324324
2018317317
2019309308
2020299298
2021289287
2022277275
2023264262
2024251248
2025237233
2026221217
2027205201
2028189184
2029171166
2030154148
2031136129
2032117109
20339890
20347970
20355949
20363928
2037197
2038-1-14
2039-21-35
2040-42-57
2041-63-79
2042-84-101
2043-105-123
2044-126-145
2045-147-167
2046-168-189
2047-189-212
2048-211-235
2049-233-258
2050-255-281
2051-277-304
2052-299-328
2053-321-352
2054-344-375
2055-366-399
2056-389-424
2057-412-449
2058-436-474
2059-460-499
2060-485-525
2061-509-551
2062-534-578
2063-560-605
2064-586-632
2065-612-660
2066-638-688
2067-665-717
2068-692-745
2069-720-775
2070-748-804
2071-776-834
2072-805-865
2073-834-896
2074-864-927
2075-894-959
2076-925-992
2077-957-1025
2078-989-1059
2079-1021-1093
2080-1054-1128
2081-1087-1163
2082-1121-1199
2083-1156-1235
2084-1191-1272
2085-1227-1310
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