Proposed Provision: Beginning for those newly eligible in 2015, 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 $1,197 in 2013). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,197/20 = $59.85. (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 |
| 2014 | 320 | 320 |
| 2015 | 306 | 306 |
| 2016 | 292 | 292 |
| 2017 | 277 | 277 |
| 2018 | 262 | 262 |
| 2019 | 248 | 247 |
| 2020 | 233 | 232 |
| 2021 | 219 | 217 |
| 2022 | 203 | 201 |
| 2023 | 187 | 185 |
| 2024 | 171 | 168 |
| 2025 | 154 | 151 |
| 2026 | 137 | 133 |
| 2027 | 119 | 115 |
| 2028 | 101 | 96 |
| 2029 | 83 | 77 |
| 2030 | 64 | 57 |
| 2031 | 44 | 36 |
| 2032 | 23 | 15 |
| 2033 | 2 | -7 |
| 2034 | -20 | -30 |
| 2035 | -42 | -53 |
| 2036 | -65 | -76 |
| 2037 | -88 | -100 |
| 2038 | -112 | -125 |
| 2039 | -136 | -150 |
| 2040 | -160 | -175 |
| 2041 | -185 | -201 |
| 2042 | -210 | -227 |
| 2043 | -235 | -253 |
| 2044 | -260 | -279 |
| 2045 | -285 | -305 |
| 2046 | -310 | -332 |
| 2047 | -336 | -359 |
| 2048 | -362 | -386 |
| 2049 | -388 | -414 |
| 2050 | -415 | -442 |
| 2051 | -442 | -470 |
| 2052 | -468 | -498 |
| 2053 | -495 | -526 |
| 2054 | -523 | -555 |
| 2055 | -550 | -584 |
| 2056 | -578 | -613 |
| 2057 | -606 | -643 |
| 2058 | -635 | -673 |
| 2059 | -664 | -704 |
| 2060 | -694 | -736 |
| 2061 | -725 | -768 |
| 2062 | -756 | -800 |
| 2063 | -787 | -833 |
| 2064 | -819 | -867 |
| 2065 | -852 | -901 |
| 2066 | -885 | -936 |
| 2067 | -918 | -971 |
| 2068 | -952 | -1006 |
| 2069 | -987 | -1043 |
| 2070 | -1022 | -1079 |
| 2071 | -1057 | -1117 |
| 2072 | -1094 | -1156 |
| 2073 | -1132 | -1195 |
| 2074 | -1171 | -1236 |
| 2075 | -1210 | -1278 |
| 2076 | -1251 | -1320 |
| 2077 | -1293 | -1364 |
| 2078 | -1335 | -1408 |
| 2079 | -1378 | -1453 |
| 2080 | -1421 | -1498 |
| 2081 | -1464 | -1543 |
| 2082 | -1507 | -1589 |
| 2083 | -1550 | -1634 |
| 2084 | -1593 | -1679 |
| 2085 | -1636 | -1725 |
| 2086 | -1680 | -1770 |
| 2087 | -1724 | -1816 |
| 2088 | -1769 | -1863 |
| 2089 | -1814 | -1911 |
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