Proposed Provision: B5.6. 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 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 $1,005 in 2017). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,005/20 = $50.25. (c) From 2017 to the year of implementation, 2018, 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
2017298298
2018287287
2019273273
2020259258
2021245244
2022230230
2023215214
2024199198
2025182181
2026165164
2027148146
2028130128
2029112110
20309492
20317573
20325653
20333733
20341613
2035-4-8
2036-26-30
2037-47-52
2038-70-75
2039-92-98
2040-115-121
2041-138-144
2042-161-168
2043-184-191
2044-207-215
2045-230-239
2046-253-262
2047-276-286
2048-300-310
2049-323-334
2050-346-358
2051-370-382
2052-393-406
2053-417-430
2054-440-454
2055-464-478
2056-487-503
2057-511-527
2058-536-552
2059-560-578
2060-585-604
2061-611-630
2062-637-657
2063-663-684
2064-690-711
2065-717-739
2066-745-767
2067-772-796
2068-801-825
2069-829-854
2070-858-884
2071-888-915
2072-918-946
2073-949-978
2074-981-1011
2075-1014-1044
2076-1047-1078
2077-1082-1114
2078-1117-1150
2079-1153-1187
2080-1190-1225
2081-1227-1263
2082-1264-1301
2083-1300-1338
2084-1337-1376
2085-1374-1414
2086-1410-1451
2087-1446-1489
2088-1483-1526
2089-1520-1564
2090-1557-1602
2091-1595-1641
2092-1633-1680
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