Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2032 through 2041: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2025 (reflecting a full-time worker earning the federal minimum wage), adjusted thereafter for wage growth. (b) At implementation, set the minimum PIA at zero percent of AWI for those with 10 or fewer YOWs to 15 percent of AWI for those with 15 YOWs, increasing linearly so that it reaches 19 percent for 19 YOWs. Then the minimum PIA would jump up to 25 percent of AWI for those with 20 YOWs, increasing linearly so that it equals 35 percent of AWI for those with 35 or more YOWs. (c) Use the AWI for two years prior to the year of initial eligibility in the minimum PIA calculation with COLA increase after the year of initial eligibility. (d) Scale the YOW 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
2042-143-144
2043-164-165
2044-185-187
2045-206-209
2046-228-231
2047-250-254
2048-272-277
2049-295-300
2050-317-323
2051-340-347
2052-363-371
2053-386-395
2054-409-420
2055-433-445
2056-457-470
2057-481-496
2058-505-522
2059-530-548
2060-556-576
2061-582-603
2062-609-632
2063-636-661
2064-664-691
2065-692-721
2066-721-752
2067-750-783
2068-780-815
2069-810-847
2070-840-880
2071-871-913
2072-903-947
2073-935-982
2074-967-1017
2075-1000-1052
2076-1035-1089
2077-1070-1127
2078-1106-1165
2079-1142-1205
2080-1180-1246
2081-1219-1287
2082-1258-1329
2083-1298-1372
2084-1338-1416
2085-1380-1461
2086-1423-1506
2087-1466-1553
2088-1510-1600
2089-1554-1648
2090-1599-1696
2091-1643-1743
2092-1687-1791
2093-1731-1838
2094-1774-1884
2095-1816-1930
2096-1858-1976
2097-1900-2021
2098-1941-2065
2099-1982-2110
2100-2022-2153
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