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
2015308308
2016298297
2017280280
2018264264
2019248248
2020233232
2021219217
2022204202
2023189186
2024173170
2025157155
2026142139
2027126122
2028110106
20299489
20307772
20316054
20324235
20332315
20344-5
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
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