Proposed Provision: Beginning in 2011, increase the special minimum benefit by making the following changes: (a) A year of coverage is defined to be either a childcare year or a year in which 4 quarters of coverage are earned. Childcare years are granted to parents who have a child under 5, with a limit of 8 such years. (b) At implementation, 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) 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.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346344
2014341339
2015335333
2016330326
2017324319
2018317311
2019309302
2020299292
2021289280
2022277267
2023264253
2024251238
2025237222
2026221206
2027205188
2028189170
2029171152
2030154132
2031136112
203211792
20339872
20347950
20355929
2036397
203719-15
2038-1-37
2039-21-60
2040-42-83
2041-63-106
2042-84-129
2043-105-152
2044-126-175
2045-147-199
2046-168-222
2047-189-246
2048-211-270
2049-233-295
2050-255-319
2051-277-344
2052-299-369
2053-321-394
2054-344-419
2055-366-444
2056-389-470
2057-412-496
2058-436-522
2059-460-549
2060-485-577
2061-509-604
2062-534-632
2063-560-661
2064-586-690
2065-612-719
2066-638-748
2067-665-778
2068-692-808
2069-720-839
2070-748-870
2071-776-902
2072-805-934
2073-834-966
2074-864-999
2075-894-1033
2076-925-1067
2077-957-1101
2078-989-1137
2079-1021-1173
2080-1054-1209
2081-1087-1246
2082-1121-1283
2083-1156-1321
2084-1191-1360
2085-1227-1399
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