Proposed Provision: B5.4. Beginning for those newly eligible in 2031, 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 $1,519 in 2023). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,519/20 = $75.95. (c) From 2023 to the year of implementation, 2031, 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 Current Law Provision
2024188188
2025171171
2026152152
2027134134
2028117117
2029101101
20308484
20316868
20325353
20333737
20342222
203577
2036-9-9
2037-26-26
2038-43-43
2039-60-61
2040-78-79
2041-96-97
2042-115-116
2043-135-136
2044-154-156
2045-174-176
2046-194-196
2047-215-217
2048-235-238
2049-256-259
2050-277-281
2051-299-302
2052-320-324
2053-342-346
2054-364-369
2055-386-391
2056-409-414
2057-431-437
2058-455-461
2059-478-485
2060-502-510
2061-527-535
2062-553-561
2063-579-587
2064-605-614
2065-632-642
2066-660-670
2067-688-698
2068-716-727
2069-745-756
2070-774-786
2071-803-816
2072-834-847
2073-864-878
2074-895-910
2075-927-942
2076-960-975
2077-993-1009
2078-1027-1044
2079-1062-1080
2080-1098-1116
2081-1134-1154
2082-1172-1191
2083-1209-1230
2084-1248-1269
2085-1287-1309
2086-1327-1350
2087-1368-1391
2088-1409-1433
2089-1450-1475
2090-1491-1517
2091-1532-1559
2092-1573-1600
2093-1612-1640
2094-1651-1680
2095-1689-1719
2096-1727-1757
2097-1764-1795
2098-1801-1833
2099-1838-1870
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