Proposed Provision: B5.3. Beginning for those newly eligible in 2018, 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 5, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,238 in 2016). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,238/20 = $61.90. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.
  
    OASDI Trust Fund Ratio
    (assets as a percentage of annual expenditures)
    
    
    
    
    
      
        | Year | Current Law | Provision | 
    
    
      | 2017 | 298 | 298 | 
| 2018 | 287 | 287 | 
| 2019 | 273 | 273 | 
| 2020 | 259 | 258 | 
| 2021 | 245 | 244 | 
| 2022 | 230 | 229 | 
| 2023 | 215 | 213 | 
| 2024 | 199 | 197 | 
| 2025 | 182 | 180 | 
| 2026 | 165 | 162 | 
| 2027 | 148 | 144 | 
| 2028 | 130 | 126 | 
| 2029 | 112 | 108 | 
| 2030 | 94 | 89 | 
| 2031 | 75 | 70 | 
| 2032 | 56 | 50 | 
| 2033 | 37 | 29 | 
| 2034 | 16 | 8 | 
| 2035 | -4 | -13 | 
| 2036 | -26 | -35 | 
| 2037 | -47 | -58 | 
| 2038 | -70 | -81 | 
| 2039 | -92 | -105 | 
| 2040 | -115 | -128 | 
| 2041 | -138 | -152 | 
| 2042 | -161 | -177 | 
| 2043 | -184 | -201 | 
| 2044 | -207 | -225 | 
| 2045 | -230 | -249 | 
| 2046 | -253 | -274 | 
| 2047 | -276 | -298 | 
| 2048 | -300 | -323 | 
| 2049 | -323 | -347 | 
| 2050 | -346 | -372 | 
| 2051 | -370 | -397 | 
| 2052 | -393 | -422 | 
| 2053 | -417 | -446 | 
| 2054 | -440 | -471 | 
| 2055 | -464 | -496 | 
| 2056 | -487 | -521 | 
| 2057 | -511 | -547 | 
| 2058 | -536 | -573 | 
| 2059 | -560 | -599 | 
| 2060 | -585 | -626 | 
| 2061 | -611 | -653 | 
| 2062 | -637 | -680 | 
| 2063 | -663 | -708 | 
| 2064 | -690 | -737 | 
| 2065 | -717 | -766 | 
| 2066 | -745 | -795 | 
| 2067 | -772 | -824 | 
| 2068 | -801 | -854 | 
| 2069 | -829 | -885 | 
| 2070 | -858 | -915 | 
| 2071 | -888 | -947 | 
| 2072 | -918 | -979 | 
| 2073 | -949 | -1012 | 
| 2074 | -981 | -1046 | 
| 2075 | -1014 | -1080 | 
| 2076 | -1047 | -1116 | 
| 2077 | -1082 | -1152 | 
| 2078 | -1117 | -1190 | 
| 2079 | -1153 | -1228 | 
| 2080 | -1190 | -1267 | 
| 2081 | -1227 | -1306 | 
| 2082 | -1264 | -1345 | 
| 2083 | -1300 | -1384 | 
| 2084 | -1337 | -1422 | 
| 2085 | -1374 | -1461 | 
| 2086 | -1410 | -1499 | 
| 2087 | -1446 | -1538 | 
| 2088 | -1483 | -1577 | 
| 2089 | -1520 | -1616 | 
| 2090 | -1557 | -1655 | 
| 2091 | -1595 | -1695 | 
| 2092 | -1633 | -1735 | 
    
  
  back