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
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332626
203498
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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