Proposed Provision: B5.2. Beginning for those newly eligible in 2019, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,256 in 2017). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,256/20 = $62.80. (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 |
Current Law |
Provision |
2018 | 288 | 288 |
2019 | 272 | 272 |
2020 | 256 | 256 |
2021 | 239 | 239 |
2022 | 223 | 222 |
2023 | 206 | 205 |
2024 | 188 | 187 |
2025 | 171 | 170 |
2026 | 154 | 152 |
2027 | 137 | 135 |
2028 | 120 | 118 |
2029 | 104 | 101 |
2030 | 86 | 84 |
2031 | 69 | 66 |
2032 | 51 | 47 |
2033 | 33 | 29 |
2034 | 14 | 9 |
2035 | -5 | -11 |
2036 | -25 | -31 |
2037 | -46 | -52 |
2038 | -67 | -74 |
2039 | -88 | -96 |
2040 | -110 | -118 |
2041 | -132 | -141 |
2042 | -154 | -164 |
2043 | -176 | -187 |
2044 | -199 | -211 |
2045 | -221 | -234 |
2046 | -244 | -257 |
2047 | -267 | -281 |
2048 | -289 | -305 |
2049 | -312 | -328 |
2050 | -335 | -352 |
2051 | -358 | -376 |
2052 | -381 | -400 |
2053 | -403 | -424 |
2054 | -426 | -448 |
2055 | -450 | -472 |
2056 | -473 | -496 |
2057 | -496 | -521 |
2058 | -520 | -546 |
2059 | -544 | -571 |
2060 | -569 | -597 |
2061 | -594 | -623 |
2062 | -619 | -650 |
2063 | -645 | -677 |
2064 | -671 | -704 |
2065 | -698 | -732 |
2066 | -725 | -761 |
2067 | -752 | -790 |
2068 | -780 | -819 |
2069 | -808 | -848 |
2070 | -837 | -878 |
2071 | -866 | -909 |
2072 | -896 | -940 |
2073 | -927 | -972 |
2074 | -958 | -1005 |
2075 | -990 | -1038 |
2076 | -1023 | -1073 |
2077 | -1057 | -1108 |
2078 | -1092 | -1145 |
2079 | -1128 | -1183 |
2080 | -1165 | -1221 |
2081 | -1202 | -1260 |
2082 | -1240 | -1299 |
2083 | -1278 | -1339 |
2084 | -1316 | -1379 |
2085 | -1354 | -1419 |
2086 | -1392 | -1459 |
2087 | -1430 | -1499 |
2088 | -1468 | -1538 |
2089 | -1505 | -1577 |
2090 | -1543 | -1616 |
2091 | -1580 | -1655 |
2092 | -1618 | -1695 |
2093 | -1655 | -1734 |
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