Proposed Provision: B5.2. Beginning for those newly eligible in 2018, 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 $1,238 in 2016). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,238/20 = $61.90. (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 Current Law Provision
2017298298
2018287287
2019273273
2020259258
2021245244
2022230230
2023215214
2024199198
2025182181
2026165164
2027148146
2028130128
2029112109
20309491
20317572
20325652
20333732
20341612
2035-4-10
2036-26-32
2037-47-54
2038-70-77
2039-92-100
2040-115-123
2041-138-147
2042-161-171
2043-184-194
2044-207-218
2045-230-242
2046-253-266
2047-276-290
2048-300-314
2049-323-338
2050-346-363
2051-370-387
2052-393-411
2053-417-436
2054-440-460
2055-464-485
2056-487-509
2057-511-534
2058-536-560
2059-560-585
2060-585-611
2061-611-638
2062-637-665
2063-663-692
2064-690-720
2065-717-749
2066-745-777
2067-772-806
2068-801-836
2069-829-865
2070-858-896
2071-888-926
2072-918-958
2073-949-990
2074-981-1023
2075-1014-1057
2076-1047-1092
2077-1082-1128
2078-1117-1165
2079-1153-1202
2080-1190-1240
2081-1227-1279
2082-1264-1317
2083-1300-1355
2084-1337-1393
2085-1374-1431
2086-1410-1469
2087-1446-1507
2088-1483-1545
2089-1520-1583
2090-1557-1622
2091-1595-1661
2092-1633-1701
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