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 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 117 |
| 2029 | 101 | 100 |
| 2030 | 84 | 84 |
| 2031 | 68 | 67 |
| 2032 | 53 | 52 |
| 2033 | 37 | 36 |
| 2034 | 22 | 20 |
| 2035 | 7 | 5 |
| 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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