Proposed Provision: B5.7. Beginning for those newly eligible in 2020, 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 |
Current Law |
Provision |
2017 | 298 | 298 |
2018 | 287 | 287 |
2019 | 273 | 273 |
2020 | 259 | 259 |
2021 | 245 | 245 |
2022 | 230 | 230 |
2023 | 215 | 215 |
2024 | 199 | 199 |
2025 | 182 | 182 |
2026 | 165 | 165 |
2027 | 148 | 147 |
2028 | 130 | 129 |
2029 | 112 | 111 |
2030 | 94 | 93 |
2031 | 75 | 74 |
2032 | 56 | 55 |
2033 | 37 | 35 |
2034 | 16 | 15 |
2035 | -4 | -6 |
2036 | -26 | -27 |
2037 | -47 | -49 |
2038 | -70 | -72 |
2039 | -92 | -94 |
2040 | -115 | -117 |
2041 | -138 | -140 |
2042 | -161 | -164 |
2043 | -184 | -187 |
2044 | -207 | -210 |
2045 | -230 | -233 |
2046 | -253 | -257 |
2047 | -276 | -280 |
2048 | -300 | -304 |
2049 | -323 | -327 |
2050 | -346 | -351 |
2051 | -370 | -374 |
2052 | -393 | -398 |
2053 | -417 | -422 |
2054 | -440 | -445 |
2055 | -464 | -469 |
2056 | -487 | -493 |
2057 | -511 | -517 |
2058 | -536 | -542 |
2059 | -560 | -567 |
2060 | -585 | -592 |
2061 | -611 | -618 |
2062 | -637 | -644 |
2063 | -663 | -670 |
2064 | -690 | -697 |
2065 | -717 | -725 |
2066 | -745 | -752 |
2067 | -772 | -781 |
2068 | -801 | -809 |
2069 | -829 | -838 |
2070 | -858 | -867 |
2071 | -888 | -897 |
2072 | -918 | -927 |
2073 | -949 | -959 |
2074 | -981 | -991 |
2075 | -1014 | -1023 |
2076 | -1047 | -1057 |
2077 | -1082 | -1092 |
2078 | -1117 | -1127 |
2079 | -1153 | -1164 |
2080 | -1190 | -1200 |
2081 | -1227 | -1237 |
2082 | -1264 | -1275 |
2083 | -1300 | -1312 |
2084 | -1337 | -1348 |
2085 | -1374 | -1385 |
2086 | -1410 | -1422 |
2087 | -1446 | -1458 |
2088 | -1483 | -1495 |
2089 | -1520 | -1532 |
2090 | -1557 | -1569 |
2091 | -1595 | -1607 |
2092 | -1633 | -1646 |
back