Proposed Provision: Beginning for those newly eligible in 2021, 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) From 2013 to the year of implementation, 2021, index the PIA per year of coverage using the chain-CPI index. Then, for later years, index the PIA per year of coverage by wage growth for successive cohorts. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219218
2022203203
2023187187
2024171171
2025154154
2026137136
2027119118
2028101100
20298381
20306462
20314441
20322320
20332-1
2034-20-24
2035-42-46
2036-65-69
2037-88-93
2038-112-117
2039-136-142
2040-160-167
2041-185-192
2042-210-217
2043-235-243
2044-260-269
2045-285-295
2046-310-321
2047-336-347
2048-362-374
2049-388-401
2050-415-428
2051-442-456
2052-468-484
2053-495-512
2054-523-540
2055-550-568
2056-578-597
2057-606-626
2058-635-656
2059-664-686
2060-694-717
2061-725-749
2062-756-781
2063-787-813
2064-819-846
2065-852-880
2066-885-914
2067-918-949
2068-952-984
2069-987-1019
2070-1022-1056
2071-1057-1093
2072-1094-1131
2073-1132-1170
2074-1171-1210
2075-1210-1251
2076-1251-1293
2077-1293-1336
2078-1335-1379
2079-1378-1424
2080-1421-1468
2081-1464-1513
2082-1507-1557
2083-1550-1602
2084-1593-1646
2085-1636-1691
2086-1680-1736
2087-1724-1782
2088-1769-1828
2089-1814-1875
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