Proposed Provision: Beginning in 2019, 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 $1,134 in 2011). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,134/20 = $56.70. (c) From 2011 to the year of implementation, 2019, 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
2012340340
2013329329
2014315315
2015302302
2016290290
2017277277
2018265265
2019253253
2020240240
2021227226
2022212212
2023197196
2024181180
2025164163
2026147145
2027129127
2028110108
20299088
20307067
20314945
20322723
203350
2034-18-23
2035-41-47
2036-65-71
2037-89-96
2038-114-121
2039-138-146
2040-163-172
2041-189-198
2042-215-224
2043-240-251
2044-266-278
2045-292-305
2046-319-332
2047-346-360
2048-373-388
2049-400-416
2050-428-444
2051-456-473
2052-484-502
2053-512-531
2054-540-560
2055-569-590
2056-598-620
2057-628-651
2058-657-682
2059-688-713
2060-719-746
2061-750-778
2062-782-811
2063-814-844
2064-847-878
2065-880-912
2066-913-947
2067-946-981
2068-980-1016
2069-1014-1052
2070-1049-1087
2071-1084-1124
2072-1120-1161
2073-1156-1199
2074-1193-1237
2075-1230-1275
2076-1268-1315
2077-1307-1355
2078-1346-1395
2079-1385-1436
2080-1425-1477
2081-1465-1519
2082-1505-1561
2083-1547-1603
2084-1588-1647
2085-1631-1690
2086-1673-1735
2087-1717-1780
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