Proposed Provision: Beginning in 2013, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. 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 years of coverage equal to 100 percent of the monthly poverty level (about $931 in 2012). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $931/20 = $46.55. (c) From 2012 to the year of implementation, 2013, index the PIA per year of coverage using the CPI index. Then, for later years, index the PIA per year of coverage by wage growth for successive cohorts. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290289
2017277276
2018265264
2019253252
2020240238
2021227224
2022212210
2023197194
2024181177
2025164160
2026147143
2027129124
2028110105
20299085
20307064
20314942
20322720
20335-3
2034-18-27
2035-41-50
2036-65-75
2037-89-99
2038-114-125
2039-138-150
2040-163-176
2041-189-202
2042-215-229
2043-240-255
2044-266-282
2045-292-309
2046-319-336
2047-346-364
2048-373-392
2049-400-420
2050-428-449
2051-456-478
2052-484-507
2053-512-536
2054-540-565
2055-569-595
2056-598-625
2057-628-656
2058-657-687
2059-688-719
2060-719-751
2061-750-783
2062-782-816
2063-814-850
2064-847-884
2065-880-918
2066-913-952
2067-946-987
2068-980-1022
2069-1014-1057
2070-1049-1093
2071-1084-1129
2072-1120-1167
2073-1156-1204
2074-1193-1242
2075-1230-1281
2076-1268-1321
2077-1307-1361
2078-1346-1401
2079-1385-1442
2080-1425-1483
2081-1465-1525
2082-1505-1567
2083-1547-1609
2084-1588-1653
2085-1631-1696
2086-1673-1741
2087-1717-1786
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