Proposed Provision: B5.5. Beginning for those newly eligible in 2025, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,556 in 2022). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,556/11 = $141.40. (c) Index the initial 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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 114 | 114 |
| 2029 | 96 | 96 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 43 |
| 2033 | 25 | 25 |
| 2034 | 7 | 7 |
| 2035 | -12 | -12 |
| 2036 | -31 | -31 |
| 2037 | -51 | -51 |
| 2038 | -70 | -71 |
| 2039 | -91 | -91 |
| 2040 | -112 | -112 |
| 2041 | -133 | -133 |
| 2042 | -154 | -155 |
| 2043 | -176 | -176 |
| 2044 | -198 | -198 |
| 2045 | -220 | -221 |
| 2046 | -243 | -243 |
| 2047 | -265 | -265 |
| 2048 | -288 | -288 |
| 2049 | -311 | -311 |
| 2050 | -333 | -334 |
| 2051 | -357 | -357 |
| 2052 | -380 | -380 |
| 2053 | -403 | -404 |
| 2054 | -427 | -427 |
| 2055 | -450 | -451 |
| 2056 | -474 | -474 |
| 2057 | -498 | -498 |
| 2058 | -522 | -523 |
| 2059 | -547 | -547 |
| 2060 | -572 | -572 |
| 2061 | -597 | -598 |
| 2062 | -623 | -624 |
| 2063 | -650 | -651 |
| 2064 | -677 | -678 |
| 2065 | -705 | -706 |
| 2066 | -733 | -734 |
| 2067 | -762 | -763 |
| 2068 | -791 | -792 |
| 2069 | -820 | -821 |
| 2070 | -850 | -851 |
| 2071 | -880 | -881 |
| 2072 | -911 | -912 |
| 2073 | -942 | -943 |
| 2074 | -974 | -975 |
| 2075 | -1006 | -1007 |
| 2076 | -1039 | -1041 |
| 2077 | -1074 | -1075 |
| 2078 | -1108 | -1110 |
| 2079 | -1144 | -1145 |
| 2080 | -1181 | -1182 |
| 2081 | -1218 | -1219 |
| 2082 | -1256 | -1257 |
| 2083 | -1294 | -1296 |
| 2084 | -1333 | -1335 |
| 2085 | -1373 | -1374 |
| 2086 | -1413 | -1414 |
| 2087 | -1453 | -1455 |
| 2088 | -1494 | -1495 |
| 2089 | -1534 | -1535 |
| 2090 | -1574 | -1575 |
| 2091 | -1613 | -1614 |
| 2092 | -1651 | -1653 |
| 2093 | -1689 | -1691 |
| 2094 | -1726 | -1728 |
| 2095 | -1762 | -1764 |
| 2096 | -1798 | -1800 |
| 2097 | -1833 | -1835 |
| 2098 | -1868 | -1870 |
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