Proposed Provision: B5.5. Beginning for those newly eligible in 2019, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,276 in 2016). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,276/11 = $116.00. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199198
2025182182
2026165165
2027148147
2028130129
2029112111
20309493
20317574
20325655
20333735
20341615
2035-4-6
2036-26-28
2037-47-50
2038-70-72
2039-92-95
2040-115-118
2041-138-141
2042-161-164
2043-184-188
2044-207-211
2045-230-234
2046-253-258
2047-276-281
2048-300-305
2049-323-328
2050-346-352
2051-370-376
2052-393-400
2053-417-423
2054-440-447
2055-464-471
2056-487-495
2057-511-519
2058-536-544
2059-560-569
2060-585-595
2061-611-620
2062-637-647
2063-663-673
2064-690-701
2065-717-728
2066-745-756
2067-772-784
2068-801-813
2069-829-842
2070-858-871
2071-888-901
2072-918-932
2073-949-964
2074-981-996
2075-1014-1029
2076-1047-1063
2077-1082-1098
2078-1117-1134
2079-1153-1170
2080-1190-1207
2081-1227-1245
2082-1264-1282
2083-1300-1319
2084-1337-1357
2085-1374-1394
2086-1410-1431
2087-1446-1467
2088-1483-1505
2089-1520-1542
2090-1557-1579
2091-1595-1618
2092-1633-1656
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