Proposed Provision: B5.9. Beginning for those newly eligible in 2027, 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 40 years of coverage equal to 125 percent of the monthly Aged Federal poverty level (about $1,567 in 2024). For those with 20 or fewer years of coverage, phase up linearly from 0 percent of the poverty level for 10 years of coverage to 100 percent of the poverty level. For those having between 20 and 40 years of coverage, phase up linearly from 100 percent of the poverty level at 20 years of coverage to 125% of the poverty level for 40 or more years of coverage. (c) For newly eligible workers in 2027 and 2028, index the applicable poverty level using the CPI index, to the year prior to eligibility. Then, for newly eligible workers in 2029 and later, index the PIA per year of coverage by wage growth for successive cohorts. (d) Disabled workers have a somewhat similar minimum benefit, with work requirements scaled 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
2042-143-144
2043-164-165
2044-185-186
2045-206-208
2046-228-230
2047-250-252
2048-272-275
2049-295-297
2050-317-320
2051-340-343
2052-363-367
2053-386-390
2054-409-414
2055-433-438
2056-457-462
2057-481-487
2058-505-511
2059-530-537
2060-556-563
2061-582-590
2062-609-617
2063-636-645
2064-664-673
2065-692-702
2066-721-732
2067-750-761
2068-780-792
2069-810-822
2070-840-853
2071-871-885
2072-903-917
2073-935-950
2074-967-983
2075-1000-1017
2076-1035-1052
2077-1070-1087
2078-1106-1124
2079-1142-1162
2080-1180-1200
2081-1219-1239
2082-1258-1279
2083-1298-1320
2084-1338-1361
2085-1380-1404
2086-1423-1448
2087-1466-1492
2088-1510-1537
2089-1554-1582
2090-1599-1627
2091-1643-1672
2092-1687-1717
2093-1731-1762
2094-1774-1806
2095-1816-1849
2096-1858-1892
2097-1900-1935
2098-1941-1977
2099-1982-2018
2100-2022-2059
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