Detailed Single Year Tables
Description of Proposed Provision:
B5.5: Beginning for those newly eligible in 2026, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,620 in 2023). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,620/11 = $147.27. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2024 | 14.71 | 13.03 | -1.68 | 188 | 0.00 | 0.00 | 0.00 | ||
| 2025 | 15.00 | 12.89 | -2.11 | 171 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.20 | 13.07 | -2.13 | 152 | 0.00 | 0.00 | -0.00 | ||
| 2027 | 15.36 | 13.11 | -2.25 | 134 | 0.00 | 0.00 | -0.00 | ||
| 2028 | 15.42 | 13.13 | -2.28 | 117 | 0.00 | 0.00 | -0.00 | ||
| 2029 | 15.47 | 13.16 | -2.31 | 101 | 0.00 | 0.00 | -0.00 | ||
| 2030 | 15.53 | 13.18 | -2.35 | 84 | 0.00 | 0.00 | -0.00 | ||
| 2031 | 15.58 | 13.20 | -2.37 | 68 | 0.00 | 0.00 | -0.00 | ||
| 2032 | 15.60 | 13.22 | -2.38 | 53 | 0.00 | 0.00 | -0.00 | ||
| 2033 | 15.66 | 13.26 | -2.40 | 37 | 0.00 | 0.00 | -0.00 | ||
| 2034 | 15.78 | 13.28 | -2.50 | 22 | 0.00 | 0.00 | -0.00 | ||
| 2035 | 15.89 | 13.29 | -2.60 | 7 | 0.00 | 0.00 | -0.00 | ||
| 2036 | 15.99 | 13.30 | -2.70 | — | 0.00 | 0.00 | -0.00 | ||
| 2037 | 16.09 | 13.30 | -2.79 | — | 0.00 | 0.00 | -0.00 | ||
| 2038 | 16.18 | 13.31 | -2.87 | — | 0.00 | 0.00 | -0.00 | ||
| 2039 | 16.25 | 13.32 | -2.94 | — | 0.00 | 0.00 | -0.00 | ||
| 2040 | 16.32 | 13.32 | -3.00 | — | 0.00 | 0.00 | -0.00 | ||
| 2041 | 16.39 | 13.33 | -3.06 | — | 0.00 | 0.00 | -0.00 | ||
| 2042 | 16.44 | 13.33 | -3.10 | — | 0.00 | 0.00 | -0.00 | ||
| 2043 | 16.48 | 13.34 | -3.15 | — | 0.00 | 0.00 | -0.00 | ||
| 2044 | 16.52 | 13.34 | -3.18 | — | 0.00 | 0.00 | -0.00 | ||
| 2045 | 16.56 | 13.34 | -3.21 | — | 0.00 | 0.00 | -0.00 | ||
| 2046 | 16.59 | 13.35 | -3.24 | — | 0.00 | 0.00 | -0.00 | ||
| 2047 | 16.63 | 13.35 | -3.28 | — | 0.00 | 0.00 | -0.00 | ||
| 2048 | 16.67 | 13.36 | -3.31 | — | 0.01 | 0.00 | -0.00 | ||
| 2049 | 16.71 | 13.36 | -3.35 | — | 0.01 | 0.00 | -0.01 | ||
| 2050 | 16.76 | 13.36 | -3.40 | — | 0.01 | 0.00 | -0.01 | ||
| 2051 | 16.82 | 13.37 | -3.45 | — | 0.01 | 0.00 | -0.01 | ||
| 2052 | 16.88 | 13.37 | -3.50 | — | 0.01 | 0.00 | -0.01 | ||
| 2053 | 16.94 | 13.38 | -3.56 | — | 0.01 | 0.00 | -0.01 | ||
| 2054 | 17.01 | 13.38 | -3.62 | — | 0.01 | 0.00 | -0.01 | ||
| 2055 | 17.08 | 13.39 | -3.69 | — | 0.01 | 0.00 | -0.01 | ||
| 2056 | 17.16 | 13.40 | -3.77 | — | 0.01 | 0.00 | -0.01 | ||
| 2057 | 17.25 | 13.40 | -3.85 | — | 0.01 | 0.00 | -0.01 | ||
| 2058 | 17.34 | 13.41 | -3.93 | — | 0.01 | 0.00 | -0.01 | ||
| 2059 | 17.42 | 13.42 | -4.01 | — | 0.01 | 0.00 | -0.01 | ||
| 2060 | 17.51 | 13.43 | -4.08 | — | 0.01 | 0.00 | -0.01 | ||
| 2061 | 17.59 | 13.43 | -4.16 | — | 0.01 | 0.00 | -0.01 | ||
| 2062 | 17.66 | 13.44 | -4.22 | — | 0.01 | 0.00 | -0.01 | ||
| 2063 | 17.73 | 13.44 | -4.29 | — | 0.01 | 0.00 | -0.01 | ||
| 2064 | 17.80 | 13.45 | -4.35 | — | 0.01 | 0.00 | -0.01 | ||
| 2065 | 17.86 | 13.45 | -4.41 | — | 0.01 | 0.00 | -0.01 | ||
| 2066 | 17.92 | 13.46 | -4.47 | — | 0.01 | 0.00 | -0.01 | ||
| 2067 | 17.99 | 13.46 | -4.52 | — | 0.01 | 0.00 | -0.01 | ||
| 2068 | 18.05 | 13.47 | -4.58 | — | 0.01 | 0.00 | -0.01 | ||
| 2069 | 18.12 | 13.47 | -4.65 | — | 0.01 | 0.00 | -0.01 | ||
| 2070 | 18.19 | 13.48 | -4.71 | — | 0.01 | 0.00 | -0.01 | ||
| 2071 | 18.26 | 13.49 | -4.77 | — | 0.01 | 0.00 | -0.01 | ||
| 2072 | 18.32 | 13.49 | -4.83 | — | 0.01 | 0.00 | -0.01 | ||
| 2073 | 18.38 | 13.49 | -4.89 | — | 0.01 | 0.00 | -0.01 | ||
| 2074 | 18.44 | 13.50 | -4.94 | — | 0.01 | 0.00 | -0.01 | ||
| 2075 | 18.49 | 13.50 | -4.99 | — | 0.01 | 0.00 | -0.01 | ||
| 2076 | 18.53 | 13.51 | -5.03 | — | 0.01 | 0.00 | -0.01 | ||
| 2077 | 18.57 | 13.51 | -5.06 | — | 0.01 | 0.00 | -0.01 | ||
| 2078 | 18.59 | 13.51 | -5.08 | — | 0.01 | 0.00 | -0.01 | ||
| 2079 | 18.60 | 13.51 | -5.09 | — | 0.01 | 0.00 | -0.01 | ||
| 2080 | 18.60 | 13.52 | -5.09 | — | 0.01 | 0.00 | -0.01 | ||
| 2081 | 18.60 | 13.52 | -5.08 | — | 0.01 | 0.00 | -0.01 | ||
| 2082 | 18.58 | 13.51 | -5.06 | — | 0.01 | 0.00 | -0.01 | ||
| 2083 | 18.55 | 13.51 | -5.04 | — | 0.01 | 0.00 | -0.01 | ||
| 2084 | 18.52 | 13.51 | -5.01 | — | 0.01 | 0.00 | -0.01 | ||
| 2085 | 18.48 | 13.51 | -4.97 | — | 0.01 | 0.00 | -0.01 | ||
| 2086 | 18.43 | 13.51 | -4.92 | — | 0.01 | 0.00 | -0.01 | ||
| 2087 | 18.37 | 13.50 | -4.87 | — | 0.01 | 0.00 | -0.01 | ||
| 2088 | 18.31 | 13.50 | -4.81 | — | 0.01 | 0.00 | -0.01 | ||
| 2089 | 18.25 | 13.50 | -4.76 | — | 0.01 | 0.00 | -0.01 | ||
| 2090 | 18.20 | 13.49 | -4.71 | — | 0.01 | 0.00 | -0.01 | ||
| 2091 | 18.15 | 13.49 | -4.66 | — | 0.01 | 0.00 | -0.01 | ||
| 2092 | 18.11 | 13.49 | -4.63 | — | 0.01 | 0.00 | -0.01 | ||
| 2093 | 18.09 | 13.48 | -4.60 | — | 0.01 | 0.00 | -0.01 | ||
| 2094 | 18.07 | 13.48 | -4.59 | — | 0.01 | 0.00 | -0.01 | ||
| 2095 | 18.07 | 13.48 | -4.59 | — | 0.01 | 0.00 | -0.01 | ||
| 2096 | 18.08 | 13.48 | -4.60 | — | 0.01 | 0.00 | -0.01 | ||
| 2097 | 18.10 | 13.49 | -4.62 | — | 0.01 | 0.00 | -0.01 | ||
| 2098 | 18.13 | 13.49 | -4.64 | — | 0.01 | 0.00 | -0.01 | ||
| 2099 | 18.17 | 13.49 | -4.68 | — | 0.01 | 0.00 | -0.01 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2024-2098 | 17.30% | 13.80% | -3.50% | 2035 | 0.01% | 0.00% | -0.00% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2035. |
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Based on Intermediate Assumptions of the 2024 Trustees Report.