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 2035, and is phased in for new eligibles in 2026 through 2034. 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
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182182
2026165165
2027148148
2028130130
2029112112
20309494
20317575
20325656
20333736
20341616
2035-4-5
2036-26-26
2037-47-48
2038-70-70
2039-92-93
2040-115-116
2041-138-139
2042-161-162
2043-184-185
2044-207-209
2045-230-232
2046-253-255
2047-276-278
2048-300-302
2049-323-325
2050-346-349
2051-370-372
2052-393-396
2053-417-419
2054-440-443
2055-464-467
2056-487-491
2057-511-515
2058-536-539
2059-560-564
2060-585-590
2061-611-615
2062-637-642
2063-663-668
2064-690-695
2065-717-722
2066-745-750
2067-772-778
2068-801-807
2069-829-835
2070-858-864
2071-888-894
2072-918-925
2073-949-956
2074-981-988
2075-1014-1020
2076-1047-1054
2077-1082-1089
2078-1117-1124
2079-1153-1160
2080-1190-1197
2081-1227-1234
2082-1264-1271
2083-1300-1308
2084-1337-1345
2085-1374-1381
2086-1410-1418
2087-1446-1454
2088-1483-1491
2089-1520-1528
2090-1557-1565
2091-1595-1603
2092-1633-1641
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