Proposed Provision: B5.1. 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 2043, and is phased in for new eligibles in 2034 through 2042. 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 Current Law Provision
2025169169
2026149149
2027131131
2028113113
20299595
20307878
20316060
20324343
20332626
203499
2035-9-9
2036-27-27
2037-45-45
2038-63-63
2039-83-83
2040-102-102
2041-122-122
2042-143-143
2043-164-164
2044-185-185
2045-206-207
2046-228-228
2047-250-250
2048-272-272
2049-295-295
2050-317-317
2051-340-340
2052-363-363
2053-386-386
2054-409-410
2055-433-433
2056-457-457
2057-481-481
2058-505-505
2059-530-530
2060-556-556
2061-582-582
2062-609-609
2063-636-637
2064-664-664
2065-692-693
2066-721-721
2067-750-751
2068-780-780
2069-810-810
2070-840-841
2071-871-872
2072-903-903
2073-935-935
2074-967-968
2075-1000-1001
2076-1035-1035
2077-1070-1070
2078-1106-1106
2079-1142-1143
2080-1180-1181
2081-1219-1219
2082-1258-1258
2083-1298-1298
2084-1338-1339
2085-1380-1381
2086-1423-1424
2087-1466-1467
2088-1510-1511
2089-1554-1555
2090-1599-1600
2091-1643-1644
2092-1687-1688
2093-1731-1731
2094-1774-1774
2095-1816-1817
2096-1858-1859
2097-1900-1901
2098-1941-1942
2099-1982-1982
2100-2022-2023
back