Proposed Provision: Beginning for those newly eligible in 2022, 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 $1,216 in 2014). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,216/20 = $60.80. (c) From 2014 to the year of implementation, 2022, index the PIA per year of coverage using the chain-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
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189188
2024173173
2025157157
2026142141
2027126125
2028110109
20299492
20307775
20316058
20324239
20332320
203440
2035-16-20
2036-36-41
2037-57-62
2038-78-83
2039-100-106
2040-122-128
2041-144-151
2042-166-174
2043-189-197
2044-211-220
2045-234-243
2046-257-267
2047-280-291
2048-303-315
2049-327-340
2050-351-364
2051-375-389
2052-398-414
2053-423-439
2054-447-464
2055-472-489
2056-496-515
2057-522-542
2058-548-569
2059-574-596
2060-601-624
2061-629-653
2062-657-682
2063-685-711
2064-714-741
2065-744-772
2066-774-803
2067-804-835
2068-835-867
2069-867-900
2070-899-933
2071-932-967
2072-965-1002
2073-1000-1038
2074-1035-1074
2075-1072-1112
2076-1110-1152
2077-1148-1192
2078-1188-1232
2079-1228-1274
2080-1268-1316
2081-1309-1358
2082-1350-1401
2083-1391-1443
2084-1432-1485
2085-1472-1528
2086-1514-1570
2087-1555-1613
2088-1597-1657
2089-1640-1701
2090-1683-1746
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