Proposed Provision: B5.4. Beginning for those newly eligible in 2025, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,256 in 2017). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,256/20 = $62.80. (c) From 2017 to the year of implementation, 2025, index the PIA per year of coverage using the chain-CPI index. Then, for later years, index the 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
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154154
2027137137
2028120120
2029104103
20308686
20316968
20325150
20333332
20341413
2035-5-7
2036-25-28
2037-46-48
2038-67-70
2039-88-91
2040-110-113
2041-132-136
2042-154-159
2043-176-182
2044-199-205
2045-221-228
2046-244-251
2047-267-274
2048-289-297
2049-312-321
2050-335-344
2051-358-368
2052-381-391
2053-403-415
2054-426-439
2055-450-463
2056-473-487
2057-496-511
2058-520-536
2059-544-561
2060-569-586
2061-594-612
2062-619-638
2063-645-665
2064-671-692
2065-698-720
2066-725-748
2067-752-777
2068-780-805
2069-808-835
2070-837-864
2071-866-895
2072-896-926
2073-927-957
2074-958-990
2075-990-1023
2076-1023-1057
2077-1057-1092
2078-1092-1128
2079-1128-1166
2080-1165-1204
2081-1202-1242
2082-1240-1281
2083-1278-1320
2084-1316-1360
2085-1354-1400
2086-1392-1439
2087-1430-1478
2088-1468-1518
2089-1505-1556
2090-1543-1595
2091-1580-1634
2092-1618-1673
2093-1655-1712
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