Proposed Provision: B5.5. Beginning for those newly eligible in 2024, 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 $1,440 in 2021). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,440/11 = $130.90. (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
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109108
20309191
20317474
20325757
20333939
20342121
203533
2036-16-16
2037-35-36
2038-54-55
2039-74-75
2040-95-96
2041-116-117
2042-137-138
2043-158-160
2044-180-181
2045-202-203
2046-224-225
2047-246-248
2048-268-270
2049-291-293
2050-313-316
2051-336-339
2052-359-362
2053-383-385
2054-406-409
2055-430-433
2056-453-456
2057-477-480
2058-501-505
2059-525-529
2060-550-554
2061-575-579
2062-601-605
2063-627-631
2064-654-658
2065-681-685
2066-708-713
2067-736-741
2068-764-769
2069-792-798
2070-821-827
2071-850-856
2072-880-886
2073-910-916
2074-940-947
2075-971-978
2076-1003-1010
2077-1036-1043
2078-1069-1077
2079-1104-1111
2080-1139-1147
2081-1175-1183
2082-1212-1220
2083-1249-1257
2084-1286-1295
2085-1324-1333
2086-1363-1372
2087-1402-1412
2088-1442-1451
2089-1481-1491
2090-1520-1530
2091-1558-1568
2092-1595-1606
2093-1632-1643
2094-1668-1679
2095-1703-1715
2096-1738-1750
2097-1773-1785
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