Proposed Provision: B6.7. Starting in January 2032, provide an addition to monthly benefits for all beneficiaries who have been eligible for at least 20 years, with the following specifications: (1) Augment benefits (not the PIA) for those of qualifying age and eligibility duration with a MAGI below about $30,700 if single and $61,500 if married. MAGI is set to equal the IRMAA definition (AGI plus tax-exempt interest income). Index these thresholds after 2032 by the increase in the C-CPI-U; (2) The full additional amount is applicable for those born 1965 and later, once 24 years elapse from initial eligibility. The basic additional amount is calculated as 5 percent of the PIA for a hypothetical worker with earnings equal to the AWI each year; (3) For those born prior to 1965, the full additional amount is multiplied by the number of years they have been affected by the C-CPI-U, divided by 24; (4) Beneficiaries will receive 20 percent of their additional amount in their 20th year after initial eligibility, 40 percent in their 21st year after initial eligibility,..., and 100 percent of their additional amount in their 24th and later years after benefit eligibility; (5) Retired and disabled worker beneficiaries, dually entitled spouse beneficiaries, and all survivor beneficiaries received their addition as described above. Spousal beneficiaries (aged or with child in care) and child beneficiaries of a living retired or disabled worker receive 50 percent of the additional amount described above. Other beneficiary types (such as parents of deceased workers) will receive the percentage of the flat benefit that equals the percentage of the insured worker's PIA that they receive; (6) The AWI used is for the second year prior to the beneficiary's initial eligibility year, with applicable COLAs applied up to the age when the addition is received; and (7) The additional amount is added to the monthly benefit after reductions for early claiming or increases for delayed claiming have been applied.

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
2048-272-274
2049-295-297
2050-317-320
2051-340-343
2052-363-366
2053-386-389
2054-409-413
2055-433-437
2056-457-461
2057-481-486
2058-505-511
2059-530-536
2060-556-562
2061-582-589
2062-609-616
2063-636-644
2064-664-672
2065-692-700
2066-721-730
2067-750-759
2068-780-789
2069-810-819
2070-840-850
2071-871-881
2072-903-913
2073-935-946
2074-967-979
2075-1000-1012
2076-1035-1047
2077-1070-1082
2078-1106-1119
2079-1142-1156
2080-1180-1194
2081-1219-1233
2082-1258-1273
2083-1298-1313
2084-1338-1354
2085-1380-1397
2086-1423-1440
2087-1466-1484
2088-1510-1528
2089-1554-1573
2090-1599-1618
2091-1643-1663
2092-1687-1707
2093-1731-1751
2094-1774-1795
2095-1816-1838
2096-1858-1880
2097-1900-1922
2098-1941-1964
2099-1982-2005
2100-2022-2046
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