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 Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206205
2024188188
2025171171
2026154154
2027137137
2028120120
2029104103
20308686
20316968
20325150
20333332
20341413
2035-5-7
2036-25-27
2037-46-47
2038-67-68
2039-88-90
2040-110-112
2041-132-134
2042-154-156
2043-176-179
2044-199-202
2045-221-224
2046-244-247
2047-267-270
2048-289-293
2049-312-316
2050-335-339
2051-358-362
2052-381-385
2053-403-408
2054-426-431
2055-450-455
2056-473-478
2057-496-502
2058-520-526
2059-544-550
2060-569-575
2061-594-600
2062-619-626
2063-645-652
2064-671-678
2065-698-705
2066-725-732
2067-752-760
2068-780-788
2069-808-817
2070-837-845
2071-866-875
2072-896-905
2073-927-936
2074-958-967
2075-990-999
2076-1023-1033
2077-1057-1067
2078-1092-1102
2079-1128-1138
2080-1165-1175
2081-1202-1212
2082-1240-1250
2083-1278-1288
2084-1316-1327
2085-1354-1365
2086-1392-1404
2087-1430-1442
2088-1468-1480
2089-1505-1517
2090-1543-1555
2091-1580-1592
2092-1618-1630
2093-1655-1668
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