Proposed Provision: Beginning in 2013, reconfigure the special minimum benefit: (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 $1,134 in 2011). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,134/20 = $56.70. (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 |
| 2012 | 340 | 340 |
| 2013 | 329 | 329 |
| 2014 | 315 | 315 |
| 2015 | 302 | 302 |
| 2016 | 290 | 289 |
| 2017 | 277 | 276 |
| 2018 | 265 | 264 |
| 2019 | 253 | 251 |
| 2020 | 240 | 238 |
| 2021 | 227 | 224 |
| 2022 | 212 | 209 |
| 2023 | 197 | 193 |
| 2024 | 181 | 176 |
| 2025 | 164 | 159 |
| 2026 | 147 | 141 |
| 2027 | 129 | 122 |
| 2028 | 110 | 103 |
| 2029 | 90 | 82 |
| 2030 | 70 | 61 |
| 2031 | 49 | 39 |
| 2032 | 27 | 16 |
| 2033 | 5 | -7 |
| 2034 | -18 | -31 |
| 2035 | -41 | -55 |
| 2036 | -65 | -80 |
| 2037 | -89 | -105 |
| 2038 | -114 | -130 |
| 2039 | -138 | -156 |
| 2040 | -163 | -182 |
| 2041 | -189 | -209 |
| 2042 | -215 | -236 |
| 2043 | -240 | -263 |
| 2044 | -266 | -290 |
| 2045 | -292 | -318 |
| 2046 | -319 | -345 |
| 2047 | -346 | -374 |
| 2048 | -373 | -402 |
| 2049 | -400 | -431 |
| 2050 | -428 | -460 |
| 2051 | -456 | -489 |
| 2052 | -484 | -519 |
| 2053 | -512 | -549 |
| 2054 | -540 | -578 |
| 2055 | -569 | -609 |
| 2056 | -598 | -639 |
| 2057 | -628 | -670 |
| 2058 | -657 | -702 |
| 2059 | -688 | -734 |
| 2060 | -719 | -767 |
| 2061 | -750 | -800 |
| 2062 | -782 | -834 |
| 2063 | -814 | -868 |
| 2064 | -847 | -902 |
| 2065 | -880 | -937 |
| 2066 | -913 | -972 |
| 2067 | -946 | -1007 |
| 2068 | -980 | -1043 |
| 2069 | -1014 | -1078 |
| 2070 | -1049 | -1115 |
| 2071 | -1084 | -1152 |
| 2072 | -1120 | -1190 |
| 2073 | -1156 | -1228 |
| 2074 | -1193 | -1266 |
| 2075 | -1230 | -1306 |
| 2076 | -1268 | -1346 |
| 2077 | -1307 | -1387 |
| 2078 | -1346 | -1428 |
| 2079 | -1385 | -1469 |
| 2080 | -1425 | -1511 |
| 2081 | -1465 | -1553 |
| 2082 | -1505 | -1596 |
| 2083 | -1547 | -1639 |
| 2084 | -1588 | -1683 |
| 2085 | -1631 | -1727 |
| 2086 | -1673 | -1772 |
| 2087 | -1717 | -1818 |
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