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 2041, and is phased in for new eligibles in 2032 through 2040. 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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324343
20332525
203477
2035-12-12
2036-31-31
2037-51-51
2038-70-71
2039-91-91
2040-112-112
2041-133-133
2042-154-155
2043-176-176
2044-198-198
2045-220-221
2046-243-243
2047-265-266
2048-288-288
2049-311-311
2050-333-334
2051-357-357
2052-380-380
2053-403-404
2054-427-427
2055-450-451
2056-474-475
2057-498-499
2058-522-523
2059-547-548
2060-572-573
2061-597-598
2062-623-625
2063-650-651
2064-677-679
2065-705-706
2066-733-735
2067-762-763
2068-791-792
2069-820-822
2070-850-852
2071-880-882
2072-911-913
2073-942-944
2074-974-976
2075-1006-1008
2076-1039-1041
2077-1074-1075
2078-1108-1110
2079-1144-1146
2080-1181-1183
2081-1218-1220
2082-1256-1258
2083-1294-1297
2084-1333-1336
2085-1373-1375
2086-1413-1415
2087-1453-1455
2088-1494-1496
2089-1534-1536
2090-1574-1576
2091-1613-1615
2092-1651-1654
2093-1689-1691
2094-1726-1728
2095-1762-1765
2096-1798-1801
2097-1833-1836
2098-1868-1871
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