Proposed Provision: B5.3. Beginning for those newly eligible in 2019, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 5, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,256 in 2017). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,256/20 = $62.80. (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 |
Current Law |
Provision |
| 2018 | 288 | 288 |
| 2019 | 272 | 272 |
| 2020 | 256 | 256 |
| 2021 | 239 | 239 |
| 2022 | 223 | 222 |
| 2023 | 206 | 204 |
| 2024 | 188 | 187 |
| 2025 | 171 | 169 |
| 2026 | 154 | 151 |
| 2027 | 137 | 134 |
| 2028 | 120 | 117 |
| 2029 | 104 | 99 |
| 2030 | 86 | 82 |
| 2031 | 69 | 64 |
| 2032 | 51 | 45 |
| 2033 | 33 | 26 |
| 2034 | 14 | 6 |
| 2035 | -5 | -14 |
| 2036 | -25 | -35 |
| 2037 | -46 | -56 |
| 2038 | -67 | -78 |
| 2039 | -88 | -101 |
| 2040 | -110 | -123 |
| 2041 | -132 | -147 |
| 2042 | -154 | -170 |
| 2043 | -176 | -194 |
| 2044 | -199 | -217 |
| 2045 | -221 | -241 |
| 2046 | -244 | -265 |
| 2047 | -267 | -289 |
| 2048 | -289 | -313 |
| 2049 | -312 | -337 |
| 2050 | -335 | -362 |
| 2051 | -358 | -386 |
| 2052 | -381 | -411 |
| 2053 | -403 | -435 |
| 2054 | -426 | -460 |
| 2055 | -450 | -484 |
| 2056 | -473 | -509 |
| 2057 | -496 | -535 |
| 2058 | -520 | -560 |
| 2059 | -544 | -586 |
| 2060 | -569 | -612 |
| 2061 | -594 | -639 |
| 2062 | -619 | -666 |
| 2063 | -645 | -694 |
| 2064 | -671 | -722 |
| 2065 | -698 | -751 |
| 2066 | -725 | -780 |
| 2067 | -752 | -809 |
| 2068 | -780 | -839 |
| 2069 | -808 | -869 |
| 2070 | -837 | -900 |
| 2071 | -866 | -931 |
| 2072 | -896 | -963 |
| 2073 | -927 | -995 |
| 2074 | -958 | -1029 |
| 2075 | -990 | -1063 |
| 2076 | -1023 | -1098 |
| 2077 | -1057 | -1134 |
| 2078 | -1092 | -1172 |
| 2079 | -1128 | -1210 |
| 2080 | -1165 | -1249 |
| 2081 | -1202 | -1289 |
| 2082 | -1240 | -1329 |
| 2083 | -1278 | -1369 |
| 2084 | -1316 | -1410 |
| 2085 | -1354 | -1451 |
| 2086 | -1392 | -1492 |
| 2087 | -1430 | -1532 |
| 2088 | -1468 | -1572 |
| 2089 | -1505 | -1612 |
| 2090 | -1543 | -1652 |
| 2091 | -1580 | -1692 |
| 2092 | -1618 | -1732 |
| 2093 | -1655 | -1772 |
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