Proposed Provision: B6.7. Starting in January 2027, 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 2027 by the increase in the C-CPI-U; (2) The full additional amount is applicable for those born 1961 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 1961, 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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325857
20333939
20342020
203510
2036-19-19
2037-38-40
2038-59-60
2039-80-81
2040-101-102
2041-122-124
2042-144-146
2043-166-168
2044-188-190
2045-210-213
2046-232-236
2047-255-258
2048-277-281
2049-299-304
2050-322-326
2051-344-349
2052-367-372
2053-389-395
2054-412-418
2055-434-442
2056-457-465
2057-480-489
2058-504-512
2059-527-536
2060-551-561
2061-575-585
2062-599-610
2063-624-636
2064-650-661
2065-676-688
2066-702-714
2067-728-741
2068-755-768
2069-782-796
2070-809-824
2071-837-852
2072-866-881
2073-895-911
2074-925-941
2075-955-972
2076-986-1003
2077-1018-1035
2078-1051-1068
2079-1084-1103
2080-1119-1138
2081-1154-1173
2082-1190-1210
2083-1226-1246
2084-1263-1284
2085-1300-1321
2086-1337-1359
2087-1374-1397
2088-1411-1435
2089-1448-1472
2090-1484-1508
2091-1520-1544
2092-1554-1580
2093-1589-1615
2094-1623-1649
2095-1657-1684
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