Proposed Provision: B5.1. Increase the PIA to a level such that a worker with 30 years of earnings at the minimum wage level receives an adjusted PIA equal to 120 percent of the Federal poverty level for an aged individual. This provision takes full effect for all newly eligible OASDI workers in 2037, and is phased in for new eligibles in 2028 through 2036. The percentage increase in PIA is lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for workers with 20 or fewer years of earnings. (Year-of-work requirements are "scaled" for disabled workers based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement percentage is reduced proportionately for workers with higher average indexed monthly earnings (AIME), down to no enhancement for those with AIME at least twice that of a 35-year steady minimum wage earner.

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
20334646
20342828
20351010
2036-9-9
2037-28-28
2038-47-48
2039-67-68
2040-87-88
2041-108-109
2042-129-130
2043-150-151
2044-171-172
2045-192-193
2046-213-214
2047-234-235
2048-255-256
2049-276-277
2050-297-298
2051-318-319
2052-338-340
2053-359-361
2054-380-382
2055-401-403
2056-422-424
2057-444-446
2058-465-467
2059-487-489
2060-509-511
2061-531-534
2062-554-557
2063-577-580
2064-601-604
2065-625-628
2066-649-652
2067-674-677
2068-699-702
2069-724-727
2070-749-753
2071-776-779
2072-802-806
2073-830-833
2074-857-861
2075-885-889
2076-914-918
2077-944-948
2078-975-979
2079-1007-1011
2080-1039-1043
2081-1072-1076
2082-1106-1110
2083-1139-1143
2084-1173-1177
2085-1207-1212
2086-1242-1246
2087-1275-1280
2088-1309-1313
2089-1342-1347
2090-1375-1379
2091-1407-1412
2092-1439-1444
2093-1471-1476
2094-1503-1508
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