Proposed Provision: Beginning for those newly eligible for OASDI benefits in 2015, increase the special minimum benefit to 100 percent of poverty by making the following changes: (a) The number of years of work (YOW) is determined as total quarters of coverage divided by 4, ignoring any fraction. Up to 5 additional years with a child under in 6 may be counted as YOWs. (b) Set the PIA for 30 or more 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 point per YOW so that at 29 YOCs 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 YOCs.

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

Year Present Law Provision
2012340340
2013329329
2014315315
2015302302
2016290289
2017277277
2018265265
2019253253
2020240240
2021227226
2022212212
2023197196
2024181180
2025164163
2026147146
2027129128
2028110109
20299089
20307068
20314947
20322725
203353
2034-18-20
2035-41-44
2036-65-68
2037-89-92
2038-114-116
2039-138-141
2040-163-167
2041-189-192
2042-215-218
2043-240-244
2044-266-270
2045-292-297
2046-319-323
2047-346-350
2048-373-378
2049-400-405
2050-428-433
2051-456-461
2052-484-489
2053-512-518
2054-540-546
2055-569-575
2056-598-605
2057-628-634
2058-657-665
2059-688-695
2060-719-726
2061-750-758
2062-782-790
2063-814-823
2064-847-855
2065-880-888
2066-913-922
2067-946-955
2068-980-989
2069-1014-1024
2070-1049-1058
2071-1084-1094
2072-1120-1130
2073-1156-1166
2074-1193-1203
2075-1230-1241
2076-1268-1279
2077-1307-1318
2078-1346-1357
2079-1385-1396
2080-1425-1436
2081-1465-1477
2082-1505-1517
2083-1547-1559
2084-1588-1601
2085-1631-1643
2086-1673-1686
2087-1717-1730
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