Proposed Provision: B6.8. Starting in 2024, provide an additional monthly benefit equal to 1/12th of 2 percent of the AWI for the second prior year. This additional benefit would be available to those meeting any of the following four requirements: (a) Social Security beneficiaries who have attained age 82; (b) Social Security beneficiaries who have attained NRA and have both AIME at or below the first PIA bend point ($1,024 for 2022 initial eligibility) and at least 11 "years of coverage" as used for Windfall Elimination Provision purposes (earnings above $27,300 for 2022); (c) Individuals who have received Social Security benefits and/or SSI payments for at least 240 distinct months after attaining age 19; or (d) SSI recipients who have attained the Social Security NRA. This additional benefit would be paid out of the applicable Social Security OASI or DI Trust Fund for any month in which the individual is in receipt of a Social Security benefit; it would be paid out of the General Fund of the Treasury for any month in which the individual is in receipt of an SSI monthly payment but not a Social Security monthly benefit.

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

Year Current Law Provision
2022230230
2023211211
2024194192
2025177174
2026160156
2027143138
2028126120
2029109102
20309184
20317466
20325747
20333929
20342110
20353-10
2036-16-30
2037-35-50
2038-54-71
2039-74-92
2040-95-114
2041-116-136
2042-137-159
2043-158-181
2044-180-204
2045-202-228
2046-224-251
2047-246-275
2048-268-299
2049-291-323
2050-313-347
2051-336-371
2052-359-396
2053-383-421
2054-406-446
2055-430-471
2056-453-496
2057-477-521
2058-501-547
2059-525-572
2060-550-599
2061-575-625
2062-601-652
2063-627-680
2064-654-708
2065-681-736
2066-708-765
2067-736-794
2068-764-824
2069-792-854
2070-821-884
2071-850-914
2072-880-945
2073-910-977
2074-940-1009
2075-971-1041
2076-1003-1075
2077-1036-1109
2078-1069-1144
2079-1104-1181
2080-1139-1218
2081-1175-1255
2082-1212-1294
2083-1249-1333
2084-1286-1373
2085-1324-1413
2086-1363-1454
2087-1402-1495
2088-1442-1537
2089-1481-1578
2090-1520-1619
2091-1558-1659
2092-1595-1699
2093-1632-1738
2094-1668-1776
2095-1703-1814
2096-1738-1851
2097-1773-1888
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