Proposed Provision: Beginning in 2014, 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 $1,164 in 2012).  For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,164/20 = $58.20.  (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 | 
    
    
      | 2013 | 330 | 330 | 
| 2014 | 315 | 315 | 
| 2015 | 301 | 300 | 
| 2016 | 286 | 285 | 
| 2017 | 271 | 270 | 
| 2018 | 257 | 256 | 
| 2019 | 244 | 242 | 
| 2020 | 231 | 228 | 
| 2021 | 218 | 214 | 
| 2022 | 204 | 199 | 
| 2023 | 189 | 183 | 
| 2024 | 173 | 167 | 
| 2025 | 158 | 151 | 
| 2026 | 142 | 134 | 
| 2027 | 125 | 116 | 
| 2028 | 108 | 98 | 
| 2029 | 90 | 79 | 
| 2030 | 71 | 60 | 
| 2031 | 52 | 39 | 
| 2032 | 31 | 18 | 
| 2033 | 11 | -4 | 
| 2034 | -11 | -26 | 
| 2035 | -32 | -50 | 
| 2036 | -55 | -73 | 
| 2037 | -78 | -97 | 
| 2038 | -101 | -122 | 
| 2039 | -124 | -147 | 
| 2040 | -148 | -172 | 
| 2041 | -172 | -197 | 
| 2042 | -196 | -223 | 
| 2043 | -220 | -249 | 
| 2044 | -245 | -275 | 
| 2045 | -269 | -301 | 
| 2046 | -294 | -328 | 
| 2047 | -319 | -355 | 
| 2048 | -345 | -382 | 
| 2049 | -371 | -410 | 
| 2050 | -397 | -438 | 
| 2051 | -423 | -466 | 
| 2052 | -449 | -494 | 
| 2053 | -476 | -523 | 
| 2054 | -502 | -551 | 
| 2055 | -530 | -580 | 
| 2056 | -557 | -610 | 
| 2057 | -585 | -640 | 
| 2058 | -613 | -670 | 
| 2059 | -642 | -701 | 
| 2060 | -671 | -733 | 
| 2061 | -701 | -765 | 
| 2062 | -732 | -798 | 
| 2063 | -763 | -831 | 
| 2064 | -794 | -865 | 
| 2065 | -826 | -899 | 
| 2066 | -859 | -934 | 
| 2067 | -892 | -970 | 
| 2068 | -925 | -1005 | 
| 2069 | -959 | -1042 | 
| 2070 | -993 | -1079 | 
| 2071 | -1028 | -1116 | 
| 2072 | -1064 | -1155 | 
| 2073 | -1101 | -1194 | 
| 2074 | -1139 | -1235 | 
| 2075 | -1178 | -1276 | 
| 2076 | -1217 | -1319 | 
| 2077 | -1258 | -1362 | 
| 2078 | -1299 | -1406 | 
| 2079 | -1340 | -1451 | 
| 2080 | -1382 | -1496 | 
| 2081 | -1424 | -1540 | 
| 2082 | -1466 | -1585 | 
| 2083 | -1508 | -1630 | 
| 2084 | -1550 | -1675 | 
| 2085 | -1592 | -1720 | 
| 2086 | -1635 | -1766 | 
| 2087 | -1678 | -1812 | 
| 2088 | -1722 | -1859 | 
    
  
  back