Proposed Provision: B5.3. Beginning for those newly eligible in 2017, 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 5, with a limit of 8 such years. (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
2020246245
2021231230
2022216214
2023200197
2024183180
2025165162
2026149145
2027132127
2028115110
20299892
20308175
20316456
20324638
20332718
20348-1
2035-11-21
2036-30-42
2037-50-63
2038-71-84
2039-91-106
2040-112-128
2041-133-150
2042-154-172
2043-176-194
2044-197-217
2045-218-239
2046-240-262
2047-262-285
2048-283-308
2049-305-331
2050-327-355
2051-349-378
2052-371-401
2053-393-424
2054-415-448
2055-437-472
2056-460-496
2057-482-520
2058-506-545
2059-529-570
2060-553-595
2061-578-621
2062-603-648
2063-628-675
2064-654-702
2065-680-730
2066-706-758
2067-733-786
2068-760-815
2069-788-845
2070-816-875
2071-845-905
2072-874-936
2073-905-968
2074-935-1001
2075-967-1035
2076-1000-1069
2077-1033-1105
2078-1068-1141
2079-1102-1178
2080-1138-1215
2081-1173-1252
2082-1208-1290
2083-1243-1327
2084-1279-1364
2085-1314-1402
2086-1349-1439
2087-1384-1476
2088-1419-1513
2089-1455-1551
2090-1491-1589
2091-1528-1628
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