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
2018288288
2019272272
2020256256
2021239239
2022223222
2023206205
2024188187
2025171170
2026154152
2027137135
2028120118
2029104101
20308684
20316966
20325147
20333329
2034149
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
back