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 |
2016 | 303 | 303 |
2017 | 293 | 293 |
2018 | 277 | 277 |
2019 | 262 | 261 |
2020 | 246 | 246 |
2021 | 231 | 231 |
2022 | 216 | 215 |
2023 | 200 | 198 |
2024 | 183 | 181 |
2025 | 165 | 164 |
2026 | 149 | 146 |
2027 | 132 | 129 |
2028 | 115 | 112 |
2029 | 98 | 95 |
2030 | 81 | 77 |
2031 | 64 | 59 |
2032 | 46 | 41 |
2033 | 27 | 22 |
2034 | 8 | 3 |
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 |
back