Proposed Provision: B5.11. Beginning for those newly eligible in 2024, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Childcare years are granted to parents who have a child under 6, with a limit of 5 such years. (b) For beneficiaries becoming newly eligible in 2024, set the initial special minimum benefit for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for 2023. For beneficiaries becoming newly eligible after 2024, the initial special minimum benefit is indexed by the AWI. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114113
20299696
20307878
20316060
20324342
20332524
203476
2035-12-13
2036-31-32
2037-51-52
2038-70-72
2039-91-93
2040-112-114
2041-133-135
2042-154-157
2043-176-179
2044-198-202
2045-220-224
2046-243-247
2047-265-269
2048-288-293
2049-311-316
2050-333-339
2051-357-363
2052-380-386
2053-403-410
2054-427-434
2055-450-458
2056-474-482
2057-498-506
2058-522-531
2059-547-556
2060-572-582
2061-597-608
2062-623-635
2063-650-662
2064-677-690
2065-705-718
2066-733-747
2067-762-776
2068-791-806
2069-820-835
2070-850-866
2071-880-897
2072-911-928
2073-942-960
2074-974-992
2075-1006-1025
2076-1039-1059
2077-1074-1094
2078-1108-1129
2079-1144-1166
2080-1181-1203
2081-1218-1241
2082-1256-1280
2083-1294-1319
2084-1333-1359
2085-1373-1399
2086-1413-1440
2087-1453-1481
2088-1494-1522
2089-1534-1564
2090-1574-1604
2091-1613-1644
2092-1651-1684
2093-1689-1722
2094-1726-1760
2095-1762-1797
2096-1798-1834
2097-1833-1870
2098-1868-1906
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