Proposed Provision: Beginning for those newly eligible in 2023, 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 $1,226 in 2015). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,226/20 = $61.30. (c) From 2015 to the year of implementation, 2023, 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 Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149148
2027132131
2028115114
20299897
20308180
20316462
20324644
20332725
203486
2035-11-14
2036-30-33
2037-50-54
2038-71-74
2039-91-95
2040-112-117
2041-133-138
2042-154-160
2043-176-182
2044-197-204
2045-218-226
2046-240-248
2047-262-270
2048-283-292
2049-305-315
2050-327-337
2051-349-360
2052-371-383
2053-393-405
2054-415-428
2055-437-451
2056-460-474
2057-482-498
2058-506-522
2059-529-546
2060-553-571
2061-578-597
2062-603-622
2063-628-649
2064-654-675
2065-680-702
2066-706-730
2067-733-757
2068-760-786
2069-788-814
2070-816-843
2071-845-873
2072-874-904
2073-905-935
2074-935-967
2075-967-1000
2076-1000-1033
2077-1033-1068
2078-1068-1103
2079-1102-1139
2080-1138-1176
2081-1173-1212
2082-1208-1249
2083-1243-1285
2084-1279-1321
2085-1314-1358
2086-1349-1394
2087-1384-1430
2088-1419-1467
2089-1455-1504
2090-1491-1541
2091-1528-1579
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