Proposed Provision: B5.4. Beginning for those newly eligible in 2032, 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) From 2024 to the year of implementation, 2032, 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 Current Law Provision
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332626
203498
2035-9-9
2036-27-27
2037-45-45
2038-63-64
2039-83-83
2040-102-103
2041-122-123
2042-143-143
2043-164-165
2044-185-186
2045-206-208
2046-228-229
2047-250-252
2048-272-274
2049-295-296
2050-317-319
2051-340-342
2052-363-365
2053-386-389
2054-409-412
2055-433-436
2056-457-460
2057-481-485
2058-505-509
2059-530-535
2060-556-561
2061-582-587
2062-609-614
2063-636-642
2064-664-670
2065-692-699
2066-721-728
2067-750-758
2068-780-788
2069-810-818
2070-840-849
2071-871-880
2072-903-912
2073-935-945
2074-967-978
2075-1000-1011
2076-1035-1046
2077-1070-1082
2078-1106-1118
2079-1142-1155
2080-1180-1193
2081-1219-1232
2082-1258-1272
2083-1298-1313
2084-1338-1354
2085-1380-1396
2086-1423-1439
2087-1466-1483
2088-1510-1528
2089-1554-1573
2090-1599-1618
2091-1643-1663
2092-1687-1707
2093-1731-1751
2094-1774-1795
2095-1816-1838
2096-1858-1881
2097-1900-1923
2098-1941-1965
2099-1982-2006
2100-2022-2047
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