Proposed Provision: B5.3. Beginning for those newly eligible in 2025, 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 $1,519 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) 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
2024188188
2025171171
2026152152
2027134134
2028117117
2029101100
20308484
20316867
20325352
20333736
20342220
203575
2036-9-12
2037-26-29
2038-43-46
2039-60-64
2040-78-83
2041-96-102
2042-115-121
2043-135-141
2044-154-161
2045-174-182
2046-194-203
2047-215-224
2048-235-246
2049-256-267
2050-277-289
2051-299-311
2052-320-334
2053-342-356
2054-364-379
2055-386-403
2056-409-426
2057-431-450
2058-455-474
2059-478-499
2060-502-524
2061-527-550
2062-553-577
2063-579-604
2064-605-632
2065-632-660
2066-660-689
2067-688-718
2068-716-747
2069-745-777
2070-774-808
2071-803-839
2072-834-870
2073-864-902
2074-895-935
2075-927-968
2076-960-1002
2077-993-1036
2078-1027-1072
2079-1062-1109
2080-1098-1146
2081-1134-1184
2082-1172-1223
2083-1209-1262
2084-1248-1302
2085-1287-1343
2086-1327-1385
2087-1368-1427
2088-1409-1470
2089-1450-1513
2090-1491-1556
2091-1532-1599
2092-1573-1641
2093-1612-1682
2094-1651-1723
2095-1689-1763
2096-1727-1802
2097-1764-1841
2098-1801-1880
2099-1838-1918
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