Proposed Provision: B6.8. Starting in 2021, provide an additional monthly benefit equal to 1/12th of 2 percent of the AWI for the second prior year. This additional benefit would be available to those meeting any of the following four requirements: (a) Social Security beneficiaries who have attained age 82; (b) Social Security beneficiaries who have attained NRA and have both AIME at or below the first PIA bend point ($926 for 2019 initial eligibility) and at least 11 "years of coverage" as used for Windfall Elimination Provision purposes (earnings above $24,675 for 2019); (c) Individuals who have received Social Security benefits and/or SSI payments for at least 240 distinct months after attaining age 19; or (d) SSI recipients who have attained the Social Security NRA. This additional benefit would be paid out of the applicable Social Security OASI or DI Trust Fund for any month in which the individual is in receipt of a Social Security benefit; it would be paid out of the General Fund of the Treasury for any month in which the individual is in receipt of an SSI monthly payment but not a Social Security monthly benefit.

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

Year Current Law Provision
2019273273
2020260260
2021245242
2022229226
2023213209
2024197191
2025180174
2026163156
2027147139
2028130122
2029114104
20309787
20318069
20326351
20334632
20342813
203510-6
2036-9-26
2037-28-46
2038-47-67
2039-67-88
2040-87-110
2041-108-132
2042-129-154
2043-150-176
2044-171-199
2045-192-222
2046-213-244
2047-234-267
2048-255-289
2049-276-312
2050-297-335
2051-318-357
2052-338-380
2053-359-402
2054-380-425
2055-401-448
2056-422-471
2057-444-494
2058-465-517
2059-487-540
2060-509-564
2061-531-588
2062-554-612
2063-577-637
2064-601-662
2065-625-688
2066-649-714
2067-674-740
2068-699-767
2069-724-793
2070-749-821
2071-776-848
2072-802-877
2073-830-906
2074-857-935
2075-885-965
2076-914-996
2077-944-1028
2078-975-1060
2079-1007-1094
2080-1039-1129
2081-1072-1164
2082-1106-1199
2083-1139-1235
2084-1173-1271
2085-1207-1308
2086-1242-1344
2087-1275-1381
2088-1309-1416
2089-1342-1452
2090-1375-1487
2091-1407-1521
2092-1439-1555
2093-1471-1590
2094-1503-1624
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