Proposed Provision: B5.2. Beginning for those newly eligible in 2020, 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 $1,265 in 2018). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,265/20 = $63.25. (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
2019273273
2020260260
2021245245
2022229229
2023213213
2024197196
2025180179
2026163162
2027147146
2028130129
2029114112
20309795
20318078
20326360
20334642
20342824
2035106
2036-9-14
2037-28-33
2038-47-53
2039-67-74
2040-87-95
2041-108-116
2042-129-137
2043-150-159
2044-171-181
2045-192-202
2046-213-224
2047-234-246
2048-255-268
2049-276-290
2050-297-311
2051-318-333
2052-338-355
2053-359-377
2054-380-399
2055-401-421
2056-422-443
2057-444-466
2058-465-488
2059-487-511
2060-509-534
2061-531-557
2062-554-581
2063-577-606
2064-601-630
2065-625-656
2066-649-681
2067-674-707
2068-699-733
2069-724-759
2070-749-786
2071-776-814
2072-802-842
2073-830-870
2074-857-899
2075-885-929
2076-914-959
2077-944-990
2078-975-1023
2079-1007-1056
2080-1039-1090
2081-1072-1124
2082-1106-1159
2083-1139-1194
2084-1173-1230
2085-1207-1266
2086-1242-1301
2087-1275-1337
2088-1309-1372
2089-1342-1407
2090-1375-1441
2091-1407-1475
2092-1439-1508
2093-1471-1542
2094-1503-1575
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