Proposed Provision: B5.3. Beginning for those newly eligible in 2026, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 5, with a limit of 8 such years. (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
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324342
20332625
203497
2035-9-10
2036-27-28
2037-45-47
2038-63-66
2039-83-85
2040-102-105
2041-122-126
2042-143-147
2043-164-168
2044-185-190
2045-206-212
2046-228-234
2047-250-257
2048-272-279
2049-295-302
2050-317-325
2051-340-349
2052-363-372
2053-386-396
2054-409-420
2055-433-445
2056-457-469
2057-481-494
2058-505-519
2059-530-545
2060-556-571
2061-582-599
2062-609-626
2063-636-654
2064-664-683
2065-692-712
2066-721-742
2067-750-772
2068-780-803
2069-810-834
2070-840-865
2071-871-897
2072-903-929
2073-935-962
2074-967-996
2075-1000-1030
2076-1035-1065
2077-1070-1101
2078-1106-1138
2079-1142-1176
2080-1180-1215
2081-1219-1255
2082-1258-1295
2083-1298-1336
2084-1338-1378
2085-1380-1421
2086-1423-1465
2087-1466-1510
2088-1510-1555
2089-1554-1601
2090-1599-1646
2091-1643-1692
2092-1687-1737
2093-1731-1782
2094-1774-1827
2095-1816-1870
2096-1858-1914
2097-1900-1957
2098-1941-1999
2099-1982-2041
2100-2022-2083
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