Proposed Provision: B6.7. Starting in January 2026, provide an addition to monthly benefits for all beneficiaries who have been eligible for at least 20 years, with the following specifications: (1) Augment benefits (not the PIA) for those of qualifying age and eligibility duration with a MAGI below about $27,000 if single and $54,000 if married. MAGI is set to equal the IRMAA definition (AGI plus tax-exempt interest income). Index these thresholds after 2026 by the increase in the C-CPI-U; (2) The full additional amount is applicable for those born 1959 and later, once 24 years elapse from initial eligibility. The basic additional amount is calculated as 5 percent of the PIA for a hypothetical worker with earnings equal to the AWI each year; (3) For those born prior to 1960, the full additional amount is multiplied by the number of years they have been affected by the C-CPI-U, divided by 24; (4) Beneficiaries will receive 20 percent of their additional amount in their 20th year after initial eligibility, 40 percent in their 21st year after initial eligibility,..., and 100 percent of their additional amount in their 24th and later years after benefit eligibility; (5) Retired and disabled worker beneficiaries, dually entitled spouse beneficiaries, and all survivor beneficiaries received their addition as described above. Spousal beneficiaries (aged or with child in care) and child beneficiaries of a living retired or disabled worker receive 50 percent of the additional amount described above. Other beneficiary types (such as parents of deceased workers) will receive the percentage of the flat benefit that equals the percentage of the insured worker's PIA that they receive; (6) The AWI used is for the second year prior to the beneficiary's initial eligibility year, with applicable COLAs applied up to the age when the addition is received; and (7) The additional amount is added to the monthly benefit after reductions for early claiming or increases for delayed claiming have been applied.

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

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114114
20309797
20318080
20326363
20334645
20342827
2035109
2036-9-10
2037-28-29
2038-47-49
2039-67-69
2040-87-89
2041-108-110
2042-129-131
2043-150-153
2044-171-174
2045-192-195
2046-213-217
2047-234-238
2048-255-259
2049-276-281
2050-297-302
2051-318-324
2052-338-345
2053-359-366
2054-380-388
2055-401-409
2056-422-431
2057-444-453
2058-465-475
2059-487-497
2060-509-519
2061-531-542
2062-554-566
2063-577-589
2064-601-613
2065-625-638
2066-649-663
2067-674-688
2068-699-713
2069-724-739
2070-749-765
2071-776-791
2072-802-819
2073-830-846
2074-857-874
2075-885-903
2076-914-933
2077-944-963
2078-975-994
2079-1007-1027
2080-1039-1060
2081-1072-1093
2082-1106-1127
2083-1139-1161
2084-1173-1196
2085-1207-1231
2086-1242-1266
2087-1275-1300
2088-1309-1334
2089-1342-1368
2090-1375-1401
2091-1407-1434
2092-1439-1467
2093-1471-1499
2094-1503-1532
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