Proposed Provision: B5.4. Beginning for those newly eligible in 2028, 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 $1,329 in 2020). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,329/20 = $66.45. (c) From 2020 to the year of implementation, 2028, 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324646
20332727
203477
2035-13-13
2036-33-34
2037-54-55
2038-76-77
2039-97-99
2040-119-121
2041-142-144
2042-165-167
2043-188-190
2044-211-214
2045-235-238
2046-258-262
2047-282-286
2048-306-310
2049-330-334
2050-354-359
2051-378-384
2052-403-409
2053-427-434
2054-452-459
2055-477-484
2056-502-510
2057-527-535
2058-552-561
2059-578-587
2060-604-614
2061-630-641
2062-657-668
2063-684-696
2064-712-724
2065-740-753
2066-768-782
2067-796-811
2068-825-841
2069-855-871
2070-884-901
2071-914-932
2072-945-963
2073-976-994
2074-1007-1026
2075-1039-1059
2076-1071-1092
2077-1105-1127
2078-1139-1162
2079-1175-1198
2080-1211-1235
2081-1248-1273
2082-1286-1312
2083-1324-1351
2084-1363-1391
2085-1403-1432
2086-1443-1472
2087-1483-1514
2088-1524-1556
2089-1564-1597
2090-1604-1638
2091-1643-1678
2092-1681-1716
2093-1718-1754
2094-1754-1791
2095-1789-1828
2096-1825-1864
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