Proposed Provision: B5.2. Beginning for those newly eligible in 2017, 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 $1,226 in 2015). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,226/20 = $61.30. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

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

Year Present Law Provision
2016303303
2017293293
2018277277
2019262261
2020246246
2021231231
2022216215
2023200198
2024183181
2025165164
2026149146
2027132129
2028115112
20299895
20308177
20316459
20324641
20332722
203483
2035-11-17
2036-30-37
2037-50-58
2038-71-79
2039-91-100
2040-112-122
2041-133-143
2042-154-165
2043-176-187
2044-197-209
2045-218-231
2046-240-254
2047-262-276
2048-283-299
2049-305-322
2050-327-344
2051-349-367
2052-371-390
2053-393-413
2054-415-436
2055-437-459
2056-460-483
2057-482-506
2058-506-531
2059-529-555
2060-553-580
2061-578-606
2062-603-632
2063-628-658
2064-654-685
2065-680-712
2066-706-740
2067-733-768
2068-760-796
2069-788-825
2070-816-854
2071-845-884
2072-874-915
2073-905-946
2074-935-978
2075-967-1012
2076-1000-1046
2077-1033-1080
2078-1068-1116
2079-1102-1152
2080-1138-1189
2081-1173-1226
2082-1208-1262
2083-1243-1299
2084-1279-1336
2085-1314-1372
2086-1349-1408
2087-1384-1445
2088-1419-1482
2089-1455-1519
2090-1491-1557
2091-1528-1595
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