Proposed Provision: B5.5. Beginning for those newly eligible in 2027, 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 $1,667 in 2024). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,667/11 = $151.60. (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 |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 113 | 113 |
2029 | 95 | 95 |
2030 | 78 | 78 |
2031 | 60 | 60 |
2032 | 43 | 43 |
2033 | 26 | 26 |
2034 | 9 | 8 |
2035 | -9 | -9 |
2036 | -27 | -27 |
2037 | -45 | -45 |
2038 | -63 | -63 |
2039 | -83 | -83 |
2040 | -102 | -102 |
2041 | -122 | -122 |
2042 | -143 | -143 |
2043 | -164 | -164 |
2044 | -185 | -185 |
2045 | -206 | -207 |
2046 | -228 | -228 |
2047 | -250 | -250 |
2048 | -272 | -272 |
2049 | -295 | -295 |
2050 | -317 | -317 |
2051 | -340 | -340 |
2052 | -363 | -363 |
2053 | -386 | -386 |
2054 | -409 | -410 |
2055 | -433 | -433 |
2056 | -457 | -457 |
2057 | -481 | -481 |
2058 | -505 | -505 |
2059 | -530 | -531 |
2060 | -556 | -556 |
2061 | -582 | -582 |
2062 | -609 | -609 |
2063 | -636 | -637 |
2064 | -664 | -664 |
2065 | -692 | -693 |
2066 | -721 | -721 |
2067 | -750 | -751 |
2068 | -780 | -780 |
2069 | -810 | -810 |
2070 | -840 | -841 |
2071 | -871 | -872 |
2072 | -903 | -903 |
2073 | -935 | -935 |
2074 | -967 | -968 |
2075 | -1000 | -1001 |
2076 | -1035 | -1035 |
2077 | -1070 | -1070 |
2078 | -1106 | -1106 |
2079 | -1142 | -1143 |
2080 | -1180 | -1181 |
2081 | -1219 | -1219 |
2082 | -1258 | -1258 |
2083 | -1298 | -1298 |
2084 | -1338 | -1339 |
2085 | -1380 | -1381 |
2086 | -1423 | -1424 |
2087 | -1466 | -1467 |
2088 | -1510 | -1511 |
2089 | -1554 | -1555 |
2090 | -1599 | -1600 |
2091 | -1643 | -1644 |
2092 | -1687 | -1688 |
2093 | -1731 | -1732 |
2094 | -1774 | -1775 |
2095 | -1816 | -1817 |
2096 | -1858 | -1859 |
2097 | -1900 | -1901 |
2098 | -1941 | -1942 |
2099 | -1982 | -1983 |
2100 | -2022 | -2023 |
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