Proposed Provision: B5.6. 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 6, with a limit of 5 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 100 percent of the monthly poverty level (about $1,012 in 2018). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,012/20 = $50.60. (c) From 2018 to the year of implementation, 2019, index the PIA per year of coverage using the 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 Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223222
2023206205
2024188188
2025171170
2026154153
2027137136
2028120119
2029104102
20308685
20316967
20325149
20333330
20341411
2035-5-9
2036-25-29
2037-46-50
2038-67-71
2039-88-93
2040-110-115
2041-132-137
2042-154-160
2043-176-183
2044-199-206
2045-221-229
2046-244-252
2047-267-275
2048-289-299
2049-312-322
2050-335-345
2051-358-369
2052-381-392
2053-403-416
2054-426-439
2055-450-463
2056-473-487
2057-496-511
2058-520-536
2059-544-560
2060-569-586
2061-594-611
2062-619-637
2063-645-664
2064-671-691
2065-698-718
2066-725-746
2067-752-775
2068-780-803
2069-808-832
2070-837-862
2071-866-892
2072-896-922
2073-927-954
2074-958-986
2075-990-1019
2076-1023-1053
2077-1057-1088
2078-1092-1124
2079-1128-1160
2080-1165-1198
2081-1202-1236
2082-1240-1275
2083-1278-1314
2084-1316-1353
2085-1354-1392
2086-1392-1432
2087-1430-1471
2088-1468-1509
2089-1505-1548
2090-1543-1586
2091-1580-1625
2092-1618-1663
2093-1655-1702
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