Proposed Provision: B5.9. Beginning for those newly eligible in 2018, 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 40 years of coverage equal to 125 percent of the monthly Aged Federal poverty level (about $1,184 in 2015). For those with 20 or fewer years of coverage, phase up linearly from 0 percent of the poverty level for 10 years of coverage to 100 percent of the poverty level. For those having between 20 and 40 years of coverage, phase up linearly from 100 percent of the poverty level at 20 years of coverage to 125% of the poverty level for 40 or more years of coverage. (c) For newly eligible workers in 2018 and 2019, index the applicable poverty level using the CPI index, to the year prior to eligibility. Then, for newly eligible workers in 2020 and later, index the PIA per year of coverage by wage growth for successive cohorts. (d) Disabled workers have a somewhat similar minimum benefit, with work requirements scaled based on the number of years of non-disabled potential work. Disabled workers have a somewhat similar minimum benefit amount.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149148
2027132131
2028115114
20299897
20308180
20316462
20324644
20332725
203486
2035-11-14
2036-30-34
2037-50-54
2038-71-75
2039-91-96
2040-112-118
2041-133-139
2042-154-161
2043-176-183
2044-197-205
2045-218-227
2046-240-249
2047-262-272
2048-283-294
2049-305-317
2050-327-339
2051-349-362
2052-371-385
2053-393-408
2054-415-431
2055-437-454
2056-460-477
2057-482-501
2058-506-525
2059-529-550
2060-553-575
2061-578-600
2062-603-626
2063-628-653
2064-654-680
2065-680-707
2066-706-734
2067-733-762
2068-760-791
2069-788-820
2070-816-849
2071-845-879
2072-874-909
2073-905-941
2074-935-973
2075-967-1006
2076-1000-1040
2077-1033-1075
2078-1068-1111
2079-1102-1147
2080-1138-1183
2081-1173-1220
2082-1208-1257
2083-1243-1294
2084-1279-1330
2085-1314-1367
2086-1349-1403
2087-1384-1440
2088-1419-1477
2089-1455-1514
2090-1491-1551
2091-1528-1590
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