Proposed Provision: B5.2. Beginning for those newly eligible in 2026, 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 $1,569 in 2024). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,569/20 = $78.45. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Current Law |
Provision |
2025 | 169 | 169 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 113 | 113 |
2029 | 95 | 95 |
2030 | 78 | 78 |
2031 | 60 | 60 |
2032 | 43 | 43 |
2033 | 26 | 25 |
2034 | 9 | 8 |
2035 | -9 | -10 |
2036 | -27 | -27 |
2037 | -45 | -46 |
2038 | -63 | -65 |
2039 | -83 | -84 |
2040 | -102 | -104 |
2041 | -122 | -124 |
2042 | -143 | -145 |
2043 | -164 | -166 |
2044 | -185 | -188 |
2045 | -206 | -209 |
2046 | -228 | -231 |
2047 | -250 | -254 |
2048 | -272 | -276 |
2049 | -295 | -299 |
2050 | -317 | -322 |
2051 | -340 | -345 |
2052 | -363 | -368 |
2053 | -386 | -392 |
2054 | -409 | -416 |
2055 | -433 | -440 |
2056 | -457 | -464 |
2057 | -481 | -488 |
2058 | -505 | -513 |
2059 | -530 | -539 |
2060 | -556 | -565 |
2061 | -582 | -592 |
2062 | -609 | -619 |
2063 | -636 | -647 |
2064 | -664 | -675 |
2065 | -692 | -704 |
2066 | -721 | -733 |
2067 | -750 | -763 |
2068 | -780 | -793 |
2069 | -810 | -824 |
2070 | -840 | -855 |
2071 | -871 | -886 |
2072 | -903 | -919 |
2073 | -935 | -951 |
2074 | -967 | -984 |
2075 | -1000 | -1018 |
2076 | -1035 | -1053 |
2077 | -1070 | -1089 |
2078 | -1106 | -1125 |
2079 | -1142 | -1163 |
2080 | -1180 | -1201 |
2081 | -1219 | -1241 |
2082 | -1258 | -1280 |
2083 | -1298 | -1321 |
2084 | -1338 | -1363 |
2085 | -1380 | -1405 |
2086 | -1423 | -1449 |
2087 | -1466 | -1493 |
2088 | -1510 | -1538 |
2089 | -1554 | -1583 |
2090 | -1599 | -1628 |
2091 | -1643 | -1673 |
2092 | -1687 | -1718 |
2093 | -1731 | -1763 |
2094 | -1774 | -1807 |
2095 | -1816 | -1850 |
2096 | -1858 | -1893 |
2097 | -1900 | -1935 |
2098 | -1941 | -1977 |
2099 | -1982 | -2019 |
2100 | -2022 | -2060 |
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