Proposed Provision: Beginning in 2011, increase the special minimum benefit by making the following changes: (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 $1,128 in 2009). The PIA per year of coverage (after the first 10 years) would be $1,128/20 = $56.40. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts, so that the special minimum keeps up with the wage-indexed benefit formula.

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

Year Present Law Provision
2010355355
2011353353
2012350350
2013346345
2014341339
2015335334
2016330327
2017324321
2018317313
2019309304
2020299294
2021289283
2022277270
2023264257
2024251242
2025237227
2026221211
2027205194
2028189176
2029171158
2030154139
2031136120
2032117100
20339880
20347959
20355938
20363917
203719-5
2038-1-27
2039-21-49
2040-42-71
2041-63-93
2042-84-116
2043-105-138
2044-126-161
2045-147-184
2046-168-207
2047-189-230
2048-211-254
2049-233-277
2050-255-301
2051-277-325
2052-299-349
2053-321-374
2054-344-398
2055-366-423
2056-389-448
2057-412-473
2058-436-499
2059-460-525
2060-485-551
2061-509-578
2062-534-605
2063-560-633
2064-586-661
2065-612-689
2066-638-718
2067-665-747
2068-692-776
2069-720-806
2070-748-836
2071-776-867
2072-805-898
2073-834-930
2074-864-962
2075-894-994
2076-925-1027
2077-957-1061
2078-989-1095
2079-1021-1130
2080-1054-1166
2081-1087-1202
2082-1121-1238
2083-1156-1275
2084-1191-1313
2085-1227-1351
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