Proposed Provision: Beginning in 2012, 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 $908 in 2011). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $908/20 = $45.40. (c) From 2011 to the year of implementation, 2012, 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
2011353353
2012347347
2013341341
2014334334
2015328327
2016321320
2017314312
2018306304
2019296294
2020284282
2021272269
2022259256
2023245241
2024230226
2025214211
2026198194
2027181177
2028164159
2029145140
2030127121
2031107101
20328780
20336760
20344638
20352517
20364-5
2037-18-27
2038-40-50
2039-62-73
2040-85-96
2041-108-119
2042-130-143
2043-153-166
2044-176-190
2045-200-214
2046-223-238
2047-247-263
2048-271-288
2049-295-312
2050-319-338
2051-343-363
2052-368-388
2053-393-414
2054-418-440
2055-443-466
2056-468-492
2057-494-519
2058-521-547
2059-548-574
2060-575-603
2061-602-631
2062-630-660
2063-659-690
2064-687-719
2065-716-749
2066-746-780
2067-775-810
2068-805-841
2069-835-873
2070-866-904
2071-897-936
2072-928-969
2073-960-1002
2074-992-1035
2075-1025-1069
2076-1058-1104
2077-1092-1139
2078-1126-1174
2079-1161-1210
2080-1196-1247
2081-1232-1284
2082-1268-1322
2083-1305-1360
2084-1342-1398
2085-1380-1438
2086-1419-1477
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