Proposed Provision: Beginning for those newly eligible in 2017, increase the special minimum benefit to 100 of poverty by: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Up to 5 additional years with a child under 6. (b) 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 |
Present Law |
Provision |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 262 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 218 |
2022 | 203 | 203 |
2023 | 187 | 187 |
2024 | 171 | 170 |
2025 | 154 | 153 |
2026 | 137 | 136 |
2027 | 119 | 118 |
2028 | 101 | 100 |
2029 | 83 | 81 |
2030 | 64 | 62 |
2031 | 44 | 42 |
2032 | 23 | 21 |
2033 | 2 | 0 |
2034 | -20 | -22 |
2035 | -42 | -45 |
2036 | -65 | -68 |
2037 | -88 | -91 |
2038 | -112 | -115 |
2039 | -136 | -139 |
2040 | -160 | -164 |
2041 | -185 | -188 |
2042 | -210 | -213 |
2043 | -235 | -238 |
2044 | -260 | -264 |
2045 | -285 | -289 |
2046 | -310 | -315 |
2047 | -336 | -341 |
2048 | -362 | -367 |
2049 | -388 | -394 |
2050 | -415 | -420 |
2051 | -442 | -447 |
2052 | -468 | -474 |
2053 | -495 | -501 |
2054 | -523 | -529 |
2055 | -550 | -557 |
2056 | -578 | -585 |
2057 | -606 | -613 |
2058 | -635 | -642 |
2059 | -664 | -672 |
2060 | -694 | -702 |
2061 | -725 | -733 |
2062 | -756 | -764 |
2063 | -787 | -795 |
2064 | -819 | -828 |
2065 | -852 | -860 |
2066 | -885 | -894 |
2067 | -918 | -927 |
2068 | -952 | -961 |
2069 | -987 | -996 |
2070 | -1022 | -1031 |
2071 | -1057 | -1067 |
2072 | -1094 | -1104 |
2073 | -1132 | -1142 |
2074 | -1171 | -1181 |
2075 | -1210 | -1221 |
2076 | -1251 | -1262 |
2077 | -1293 | -1304 |
2078 | -1335 | -1346 |
2079 | -1378 | -1389 |
2080 | -1421 | -1433 |
2081 | -1464 | -1476 |
2082 | -1507 | -1519 |
2083 | -1550 | -1562 |
2084 | -1593 | -1606 |
2085 | -1636 | -1649 |
2086 | -1680 | -1693 |
2087 | -1724 | -1737 |
2088 | -1769 | -1782 |
2089 | -1814 | -1828 |
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