Proposed Provision: Beginning for those newly eligible in 2016, 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 $1,216 in 2014). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,216/20 = $60.80. (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 |
| 2015 | 308 | 308 |
| 2016 | 298 | 297 |
| 2017 | 280 | 280 |
| 2018 | 264 | 264 |
| 2019 | 248 | 248 |
| 2020 | 233 | 232 |
| 2021 | 219 | 217 |
| 2022 | 204 | 202 |
| 2023 | 189 | 186 |
| 2024 | 173 | 170 |
| 2025 | 157 | 155 |
| 2026 | 142 | 139 |
| 2027 | 126 | 122 |
| 2028 | 110 | 106 |
| 2029 | 94 | 89 |
| 2030 | 77 | 72 |
| 2031 | 60 | 54 |
| 2032 | 42 | 35 |
| 2033 | 23 | 15 |
| 2034 | 4 | -5 |
| 2035 | -16 | -25 |
| 2036 | -36 | -46 |
| 2037 | -57 | -68 |
| 2038 | -78 | -90 |
| 2039 | -100 | -112 |
| 2040 | -122 | -135 |
| 2041 | -144 | -158 |
| 2042 | -166 | -181 |
| 2043 | -189 | -205 |
| 2044 | -211 | -228 |
| 2045 | -234 | -252 |
| 2046 | -257 | -277 |
| 2047 | -280 | -301 |
| 2048 | -303 | -325 |
| 2049 | -327 | -350 |
| 2050 | -351 | -375 |
| 2051 | -375 | -400 |
| 2052 | -398 | -425 |
| 2053 | -423 | -451 |
| 2054 | -447 | -476 |
| 2055 | -472 | -502 |
| 2056 | -496 | -528 |
| 2057 | -522 | -555 |
| 2058 | -548 | -583 |
| 2059 | -574 | -610 |
| 2060 | -601 | -639 |
| 2061 | -629 | -668 |
| 2062 | -657 | -697 |
| 2063 | -685 | -727 |
| 2064 | -714 | -758 |
| 2065 | -744 | -789 |
| 2066 | -774 | -820 |
| 2067 | -804 | -852 |
| 2068 | -835 | -885 |
| 2069 | -867 | -918 |
| 2070 | -899 | -952 |
| 2071 | -932 | -986 |
| 2072 | -965 | -1021 |
| 2073 | -1000 | -1058 |
| 2074 | -1035 | -1095 |
| 2075 | -1072 | -1133 |
| 2076 | -1110 | -1173 |
| 2077 | -1148 | -1213 |
| 2078 | -1188 | -1255 |
| 2079 | -1228 | -1297 |
| 2080 | -1268 | -1339 |
| 2081 | -1309 | -1382 |
| 2082 | -1350 | -1425 |
| 2083 | -1391 | -1468 |
| 2084 | -1432 | -1511 |
| 2085 | -1472 | -1553 |
| 2086 | -1514 | -1597 |
| 2087 | -1555 | -1640 |
| 2088 | -1597 | -1684 |
| 2089 | -1640 | -1729 |
| 2090 | -1683 | -1774 |
back