Proposed Provision: Increase the PIA to a level such that a worker with 30 years of earnings at the minimum wage level receives an adjusted PIA equal to 120 percent of the Federal poverty level for an aged individual. This provision takes full effect for all newly eligible OASDI workers in 2034, and is phased in for new eligibles in 2025 through 2033. The percentage increase in PIA is lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for workers with 20 or fewer years of earnings. (Year-of-work requirements are "scaled" for disabled workers based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement percentage is reduced proportionately for workers with higher average indexed monthly earnings (AIME), down to no enhancement for those with AIME at least twice that of a 35-year steady minimum wage earner.

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
2026149149
2027132132
2028115115
20299898
20308181
20316463
20324645
20332727
203488
2035-11-12
2036-30-31
2037-50-51
2038-71-72
2039-91-92
2040-112-113
2041-133-135
2042-154-156
2043-176-177
2044-197-199
2045-218-220
2046-240-242
2047-262-264
2048-283-286
2049-305-308
2050-327-330
2051-349-352
2052-371-374
2053-393-396
2054-415-418
2055-437-441
2056-460-464
2057-482-487
2058-506-510
2059-529-534
2060-553-558
2061-578-583
2062-603-608
2063-628-633
2064-654-659
2065-680-686
2066-706-712
2067-733-739
2068-760-767
2069-788-795
2070-816-823
2071-845-852
2072-874-881
2073-905-911
2074-935-942
2075-967-974
2076-1000-1007
2077-1033-1041
2078-1068-1075
2079-1102-1110
2080-1138-1145
2081-1173-1181
2082-1208-1216
2083-1243-1251
2084-1279-1287
2085-1314-1322
2086-1349-1357
2087-1384-1392
2088-1419-1427
2089-1455-1463
2090-1491-1500
2091-1528-1536
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