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Detailed Single Year Tables
Level of Monthly Benefits

Description of 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.

 

Financial Estimates for the OASDI Trust Fund Program
 
  Proposal
   Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

 Trust fund
ratio as of
January 1		 Expressed as a percentage of
present-law taxable payroll
Calendar
year		 Cost
rate		 Income
rate		 Annual
balance
Cost
rate		 Income
rate		 Annual
balance
201614.0512.94-1.10
303
0.000.000.00
201713.7212.92-0.80
293
0.000.000.00
201813.8612.96-0.90
277
0.000.000.00
201913.9912.97-1.02
262
0.000.000.00
202014.1412.98-1.16
246
0.000.000.00
202114.2813.00-1.28
231
0.010.00-0.01
202214.5013.04-1.47
216
0.010.00-0.01
202314.7713.06-1.71
199
0.010.00-0.01
202415.0413.09-1.95
182
0.020.00-0.02
202515.3113.11-2.19
165
0.020.00-0.02
202615.4913.13-2.37
148
0.020.00-0.02
202715.6713.14-2.53
131
0.030.00-0.02
202815.8413.16-2.68
114
0.030.00-0.03
202916.0013.17-2.83
97
0.030.00-0.03
203016.1313.18-2.95
80
0.030.00-0.03
203116.2513.19-3.06
62
0.030.00-0.03
203216.3613.20-3.16
44
0.030.00-0.03
203316.4413.21-3.23
25
0.030.00-0.03
203416.5013.21-3.28
6
0.030.00-0.03
203516.5313.22-3.31
----
0.040.00-0.03
203616.5913.22-3.37
----
0.040.00-0.03
203716.6413.23-3.41
----
0.040.00-0.03
203816.6513.23-3.42
----
0.040.00-0.03
203916.6513.23-3.41
----
0.040.00-0.03
204016.6313.23-3.39
----
0.040.00-0.03
204116.6013.23-3.36
----
0.040.00-0.03
204216.5713.23-3.34
----
0.040.00-0.03
204316.5413.23-3.30
----
0.040.00-0.03
204416.5013.23-3.27
----
0.040.00-0.03
204516.4913.23-3.25
----
0.040.00-0.03
204616.4613.23-3.23
----
0.040.00-0.03
204716.4413.23-3.20
----
0.040.00-0.03
204816.4213.23-3.19
----
0.040.00-0.03
204916.4013.23-3.17
----
0.030.00-0.03
205016.3913.23-3.16
----
0.030.00-0.03
205116.3913.23-3.16
----
0.030.00-0.03
205216.4013.24-3.17
----
0.030.00-0.03
205316.4313.24-3.19
----
0.030.00-0.03
205416.4613.24-3.21
----
0.030.00-0.03
205516.4913.24-3.25
----
0.030.00-0.03
205616.5413.25-3.29
----
0.030.00-0.03
205716.5813.25-3.33
----
0.030.00-0.03
205816.6313.26-3.38
----
0.030.00-0.03
205916.6813.26-3.42
----
0.030.00-0.02
206016.7313.26-3.47
----
0.020.00-0.02
206116.7813.27-3.51
----
0.020.00-0.02
206216.8313.27-3.56
----
0.020.00-0.02
206316.8813.27-3.60
----
0.020.00-0.02
206416.9313.28-3.65
----
0.020.00-0.02
206516.9713.28-3.69
----
0.020.00-0.02
206617.0313.28-3.74
----
0.020.00-0.02
206717.0813.29-3.79
----
0.020.00-0.02
206817.1313.29-3.84
----
0.020.00-0.02
206917.1813.29-3.89
----
0.020.00-0.02
207017.2313.30-3.93
----
0.020.00-0.01
207117.2813.30-3.98
----
0.010.00-0.01
207217.3213.30-4.01
----
0.010.00-0.01
207317.3513.31-4.05
----
0.010.00-0.01
207417.3813.31-4.07
----
0.010.00-0.01
207517.4013.31-4.09
----
0.010.00-0.01
207617.4213.31-4.10
----
0.010.00-0.01
207717.4213.31-4.11
----
0.010.00-0.01
207817.4213.31-4.11
----
0.010.00-0.01
207917.4113.31-4.10
----
0.010.00-0.01
208017.4113.31-4.10
----
0.010.00-0.01
208117.4113.31-4.10
----
0.010.00-0.01
208217.4113.31-4.10
----
0.010.00-0.01
208317.4313.31-4.11
----
0.010.00-0.01
208417.4513.31-4.13
----
0.010.00-0.01
208517.4813.32-4.16
----
0.010.00-0.01
208617.5113.32-4.19
----
0.010.00-0.01
208717.5513.32-4.23
----
0.010.00-0.01
208817.5913.32-4.27
----
0.010.000.00
208917.6413.33-4.31
----
0.000.000.00
209017.6813.33-4.35
----
0.000.000.00
209117.7313.33-4.39
----
0.000.000.00



 

Summarized Estimates
 
  Proposal
   Change from Present Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of reserve
depletion1
Cost
rate		 Income
rate		 Actuarial
balance
 
Based on Intermediate Assumptions of the 2016 Trustees Report.
2016-2090 16.52% 13.85% -2.68%
2034
0.02% 0.00% -0.02%
 
1 Under present law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified August 30, 2016