Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2027 through 2036: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2020 (reflecting a full-time worker earning the federal minimum wage), adjusted thereafter for wage growth. (b) At implementation, set the minimum PIA at zero percent of AWI for those with 10 or fewer YOWs to 15 percent of AWI for those with 15 YOWs, increasing linearly so that it reaches 19 percent for 19 YOWs. Then the minimum PIA would jump up to 25 percent of AWI for those with 20 YOWs, increasing linearly so that it equals 35 percent of AWI for those with 35 or more YOWs. (c) Use the AWI for two years prior to the year of initial eligibility in the minimum PIA calculation with COLA increase after the year of initial eligibility. (d) Scale the YOW 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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325857
20333939
20342020
203510
2036-19-20
2037-38-40
2038-59-61
2039-80-82
2040-101-103
2041-122-125
2042-144-148
2043-166-170
2044-188-193
2045-210-216
2046-232-239
2047-255-263
2048-277-286
2049-299-309
2050-322-333
2051-344-357
2052-367-380
2053-389-404
2054-412-428
2055-434-452
2056-457-477
2057-480-501
2058-504-526
2059-527-551
2060-551-576
2061-575-602
2062-599-628
2063-624-655
2064-650-682
2065-676-710
2066-702-738
2067-728-766
2068-755-795
2069-782-824
2070-809-853
2071-837-884
2072-866-914
2073-895-945
2074-925-977
2075-955-1010
2076-986-1043
2077-1018-1077
2078-1051-1112
2079-1084-1148
2080-1119-1185
2081-1154-1222
2082-1190-1260
2083-1226-1299
2084-1263-1338
2085-1300-1378
2086-1337-1418
2087-1374-1458
2088-1411-1497
2089-1448-1537
2090-1484-1575
2091-1520-1614
2092-1554-1651
2093-1589-1688
2094-1623-1724
2095-1657-1761
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