Proposed Provision: B5.7. Beginning for those newly eligible in 2021, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. Childcare years are granted to parents who have a child under 6, with a limit of 5 such years. (b) At implementation, set the PIA for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Current Law Provision Current Law Provision
201812.612.613.813.8
201912.912.914.014.0
202012.912.914.114.1
202112.912.914.314.3
202212.912.914.414.4
202313.013.014.614.6
202413.013.014.814.8
202513.013.015.015.0
202613.113.115.215.2
202713.213.215.415.4
202813.213.215.615.6
202913.213.215.815.8
203013.213.216.016.0
203113.213.216.216.2
203213.213.216.316.3
203313.213.216.516.5
203413.213.216.616.6
203513.313.316.716.7
203613.313.316.716.8
203713.313.316.816.8
203813.313.316.816.9
203913.313.316.816.9
204013.313.316.816.9
204113.313.316.816.8
204213.313.316.816.8
204313.313.316.716.8
204413.313.316.716.7
204513.313.316.716.7
204613.313.316.616.7
204713.313.316.616.6
204813.313.316.616.6
204913.313.316.616.6
205013.313.316.516.6
205113.313.316.516.6
205213.313.316.516.6
205313.313.316.516.6
205413.313.316.616.6
205513.313.316.616.6
205613.313.316.616.7
205713.313.316.716.7
205813.313.316.716.7
205913.313.316.816.8
206013.313.316.816.8
206113.313.316.916.9
206213.313.316.916.9
206313.313.317.017.0
206413.313.317.017.0
206513.313.317.117.1
206613.313.317.117.1
206713.313.317.217.2
206813.313.317.217.3
206913.313.317.317.3
207013.313.317.417.4
207113.313.317.417.4
207213.313.317.517.5
207313.313.317.517.5
207413.313.417.617.6
207513.413.417.617.6
207613.413.417.617.6
207713.413.417.617.6
207813.413.417.617.6
207913.413.417.617.6
208013.413.417.617.6
208113.413.417.617.6
208213.413.417.617.6
208313.413.417.617.6
208413.413.417.517.5
208513.413.417.517.5
208613.413.417.517.5
208713.413.417.517.5
208813.413.417.517.6
208913.413.417.617.6
209013.413.417.617.6
209113.413.417.617.6
209213.413.417.717.7
209313.413.417.717.7
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