Proposed Provision: B5.7. Beginning for those newly eligible in 2019, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. 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+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.
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 | 262 |
2020 | 246 | 246 |
2021 | 231 | 231 |
2022 | 216 | 216 |
2023 | 200 | 199 |
2024 | 183 | 182 |
2025 | 165 | 165 |
2026 | 149 | 148 |
2027 | 132 | 131 |
2028 | 115 | 114 |
2029 | 98 | 97 |
2030 | 81 | 80 |
2031 | 64 | 62 |
2032 | 46 | 44 |
2033 | 27 | 25 |
2034 | 8 | 6 |
2035 | -11 | -13 |
2036 | -30 | -33 |
2037 | -50 | -53 |
2038 | -71 | -73 |
2039 | -91 | -94 |
2040 | -112 | -115 |
2041 | -133 | -136 |
2042 | -154 | -158 |
2043 | -176 | -179 |
2044 | -197 | -201 |
2045 | -218 | -222 |
2046 | -240 | -244 |
2047 | -262 | -266 |
2048 | -283 | -288 |
2049 | -305 | -310 |
2050 | -327 | -332 |
2051 | -349 | -354 |
2052 | -371 | -376 |
2053 | -393 | -398 |
2054 | -415 | -421 |
2055 | -437 | -443 |
2056 | -460 | -466 |
2057 | -482 | -489 |
2058 | -506 | -512 |
2059 | -529 | -536 |
2060 | -553 | -560 |
2061 | -578 | -585 |
2062 | -603 | -610 |
2063 | -628 | -636 |
2064 | -654 | -662 |
2065 | -680 | -688 |
2066 | -706 | -715 |
2067 | -733 | -742 |
2068 | -760 | -769 |
2069 | -788 | -797 |
2070 | -816 | -825 |
2071 | -845 | -854 |
2072 | -874 | -884 |
2073 | -905 | -914 |
2074 | -935 | -945 |
2075 | -967 | -977 |
2076 | -1000 | -1010 |
2077 | -1033 | -1044 |
2078 | -1068 | -1078 |
2079 | -1102 | -1113 |
2080 | -1138 | -1148 |
2081 | -1173 | -1184 |
2082 | -1208 | -1219 |
2083 | -1243 | -1255 |
2084 | -1279 | -1290 |
2085 | -1314 | -1325 |
2086 | -1349 | -1361 |
2087 | -1384 | -1396 |
2088 | -1419 | -1431 |
2089 | -1455 | -1467 |
2090 | -1491 | -1504 |
2091 | -1528 | -1541 |
back