Proposed Provision: Beginning in 2012, 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 5, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,128 in 2010). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,128/20 = $56.40. (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 Present Law Provision
2011353353
2012347347
2013341340
2014334333
2015328326
2016321319
2017314311
2018306302
2019296291
2020284279
2021272266
2022259252
2023245237
2024230221
2025214205
2026198187
2027181169
2028164151
2029145131
2030127111
203110791
20328769
20336748
20344626
2035253
20364-20
2037-18-43
2038-40-67
2039-62-91
2040-85-115
2041-108-139
2042-130-164
2043-153-188
2044-176-213
2045-200-239
2046-223-264
2047-247-290
2048-271-316
2049-295-342
2050-319-368
2051-343-395
2052-368-422
2053-393-449
2054-418-476
2055-443-503
2056-468-531
2057-494-559
2058-521-588
2059-548-618
2060-575-647
2061-602-678
2062-630-708
2063-659-739
2064-687-770
2065-716-802
2066-746-834
2067-775-866
2068-805-899
2069-835-932
2070-866-965
2071-897-999
2072-928-1033
2073-960-1068
2074-992-1103
2075-1025-1138
2076-1058-1175
2077-1092-1211
2078-1126-1249
2079-1161-1287
2080-1196-1325
2081-1232-1364
2082-1268-1403
2083-1305-1443
2084-1342-1484
2085-1380-1525
2086-1419-1566
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