Proposed Provision: Beginning in 2018, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,128 in 2010). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,128/20 = $56.40. (c) From 2010 to the year of implementation, 2018, index the PIA per year of coverage using the chain-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
2015328328
2016321321
2017314314
2018306306
2019296295
2020284284
2021272271
2022259258
2023245243
2024230228
2025214213
2026198196
2027181179
2028164161
2029145142
2030127122
2031107103
20328782
20336761
20344640
20352518
20364-4
2037-18-26
2038-40-49
2039-62-72
2040-85-95
2041-108-118
2042-130-142
2043-153-166
2044-176-189
2045-200-214
2046-223-238
2047-247-262
2048-271-287
2049-295-312
2050-319-338
2051-343-363
2052-368-388
2053-393-414
2054-418-440
2055-443-467
2056-468-493
2057-494-520
2058-521-548
2059-548-576
2060-575-604
2061-602-633
2062-630-662
2063-659-692
2064-687-721
2065-716-752
2066-746-782
2067-775-813
2068-805-844
2069-835-876
2070-866-907
2071-897-940
2072-928-972
2073-960-1005
2074-992-1039
2075-1025-1073
2076-1058-1108
2077-1092-1143
2078-1126-1179
2079-1161-1215
2080-1196-1252
2081-1232-1289
2082-1268-1327
2083-1305-1365
2084-1342-1404
2085-1380-1443
2086-1419-1483
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