Proposed Provision: B5.6. Beginning for those newly eligible in 2020, 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 $1,041 in 2019). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,041/20 = $52.05. (c) From 2019 to the year of implementation, 2020, 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
2019273273
2020260260
2021245245
2022229229
2023213213
2024197196
2025180180
2026163163
2027147146
2028130129
2029114112
20309796
20318079
20326361
20334643
20342825
2035107
2036-9-12
2037-28-32
2038-47-51
2039-67-72
2040-87-92
2041-108-113
2042-129-134
2043-150-156
2044-171-177
2045-192-199
2046-213-220
2047-234-242
2048-255-263
2049-276-285
2050-297-306
2051-318-328
2052-338-349
2053-359-371
2054-380-392
2055-401-414
2056-422-436
2057-444-458
2058-465-480
2059-487-502
2060-509-525
2061-531-548
2062-554-571
2063-577-595
2064-601-619
2065-625-644
2066-649-669
2067-674-695
2068-699-720
2069-724-746
2070-749-773
2071-776-799
2072-802-827
2073-830-855
2074-857-883
2075-885-912
2076-914-942
2077-944-973
2078-975-1005
2079-1007-1037
2080-1039-1071
2081-1072-1104
2082-1106-1139
2083-1139-1173
2084-1173-1208
2085-1207-1243
2086-1242-1279
2087-1275-1313
2088-1309-1348
2089-1342-1382
2090-1375-1416
2091-1407-1449
2092-1439-1482
2093-1471-1515
2094-1503-1548
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