Proposed Provision: Beginning for those newly eligible in 2016, 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 $980.80 in 2015). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $980.80/20 = $49.04. (c) From 2015 to the year of implementation, 2016, 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
2015308308
2016298298
2017280280
2018264264
2019248248
2020233232
2021219218
2022204203
2023189187
2024173171
2025157155
2026142140
2027126124
2028110107
20299491
20307774
20316056
20324237
20332318
20344-2
2035-16-22
2036-36-43
2037-57-64
2038-78-86
2039-100-108
2040-122-130
2041-144-153
2042-166-176
2043-189-199
2044-211-222
2045-234-246
2046-257-269
2047-280-293
2048-303-317
2049-327-341
2050-351-366
2051-375-390
2052-398-415
2053-423-440
2054-447-465
2055-472-491
2056-496-516
2057-522-543
2058-548-569
2059-574-597
2060-601-624
2061-629-653
2062-657-682
2063-685-711
2064-714-741
2065-744-772
2066-774-802
2067-804-834
2068-835-866
2069-867-898
2070-899-931
2071-932-965
2072-965-1000
2073-1000-1036
2074-1035-1072
2075-1072-1110
2076-1110-1149
2077-1148-1188
2078-1188-1229
2079-1228-1270
2080-1268-1312
2081-1309-1354
2082-1350-1396
2083-1391-1438
2084-1432-1480
2085-1472-1522
2086-1514-1565
2087-1555-1607
2088-1597-1651
2089-1640-1695
2090-1683-1739
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