Proposed Provision: B5.5. Beginning for those newly eligible in 2021, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,335 in 2018). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,335/11 = $121.40. (c) Index the initial 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 |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 229 |
| 2023 | 213 | 213 |
| 2024 | 197 | 197 |
| 2025 | 180 | 180 |
| 2026 | 163 | 163 |
| 2027 | 147 | 147 |
| 2028 | 130 | 130 |
| 2029 | 114 | 113 |
| 2030 | 97 | 96 |
| 2031 | 80 | 79 |
| 2032 | 63 | 62 |
| 2033 | 46 | 45 |
| 2034 | 28 | 27 |
| 2035 | 10 | 8 |
| 2036 | -9 | -10 |
| 2037 | -28 | -30 |
| 2038 | -47 | -49 |
| 2039 | -67 | -69 |
| 2040 | -87 | -90 |
| 2041 | -108 | -111 |
| 2042 | -129 | -132 |
| 2043 | -150 | -153 |
| 2044 | -171 | -174 |
| 2045 | -192 | -195 |
| 2046 | -213 | -216 |
| 2047 | -234 | -238 |
| 2048 | -255 | -259 |
| 2049 | -276 | -280 |
| 2050 | -297 | -301 |
| 2051 | -318 | -323 |
| 2052 | -338 | -344 |
| 2053 | -359 | -365 |
| 2054 | -380 | -386 |
| 2055 | -401 | -408 |
| 2056 | -422 | -429 |
| 2057 | -444 | -451 |
| 2058 | -465 | -472 |
| 2059 | -487 | -494 |
| 2060 | -509 | -517 |
| 2061 | -531 | -539 |
| 2062 | -554 | -562 |
| 2063 | -577 | -586 |
| 2064 | -601 | -610 |
| 2065 | -625 | -634 |
| 2066 | -649 | -659 |
| 2067 | -674 | -684 |
| 2068 | -699 | -709 |
| 2069 | -724 | -735 |
| 2070 | -749 | -761 |
| 2071 | -776 | -787 |
| 2072 | -802 | -814 |
| 2073 | -830 | -842 |
| 2074 | -857 | -870 |
| 2075 | -885 | -899 |
| 2076 | -914 | -928 |
| 2077 | -944 | -958 |
| 2078 | -975 | -990 |
| 2079 | -1007 | -1022 |
| 2080 | -1039 | -1055 |
| 2081 | -1072 | -1088 |
| 2082 | -1106 | -1122 |
| 2083 | -1139 | -1156 |
| 2084 | -1173 | -1190 |
| 2085 | -1207 | -1225 |
| 2086 | -1242 | -1259 |
| 2087 | -1275 | -1294 |
| 2088 | -1309 | -1328 |
| 2089 | -1342 | -1361 |
| 2090 | -1375 | -1395 |
| 2091 | -1407 | -1427 |
| 2092 | -1439 | -1460 |
| 2093 | -1471 | -1492 |
| 2094 | -1503 | -1525 |
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