Proposed Provision: Beginning for those newly eligible in 2017, 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 $990 in 2016). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $990/20 = $49.50. (c) From 2016 to the year of implementation, 2017, 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 Present Law Provision
2016303303
2017293293
2018277277
2019262261
2020246246
2021231231
2022216215
2023200199
2024183181
2025165164
2026149147
2027132130
2028115113
20299896
20308178
20316460
20324642
20332723
203484
2035-11-15
2036-30-35
2037-50-56
2038-71-76
2039-91-98
2040-112-119
2041-133-140
2042-154-162
2043-176-184
2044-197-206
2045-218-228
2046-240-250
2047-262-272
2048-283-294
2049-305-317
2050-327-339
2051-349-362
2052-371-384
2053-393-407
2054-415-430
2055-437-453
2056-460-476
2057-482-499
2058-506-523
2059-529-547
2060-553-572
2061-578-597
2062-603-623
2063-628-649
2064-654-676
2065-680-702
2066-706-730
2067-733-757
2068-760-785
2069-788-814
2070-816-843
2071-845-872
2072-874-903
2073-905-934
2074-935-965
2075-967-998
2076-1000-1032
2077-1033-1066
2078-1068-1101
2079-1102-1137
2080-1138-1173
2081-1173-1209
2082-1208-1246
2083-1243-1282
2084-1279-1318
2085-1314-1354
2086-1349-1390
2087-1384-1426
2088-1419-1463
2089-1455-1500
2090-1491-1537
2091-1528-1575
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