Proposed Provision: B5.5. Beginning for those newly eligible in 2022, 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 $1,359 in 2019). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,359/11 = $123.50. (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.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148147
2028130130
2029112112
20309493
20317675
20325857
20333938
20342019
203510
2036-19-20
2037-38-40
2038-59-60
2039-80-81
2040-101-102
2041-122-124
2042-144-146
2043-166-168
2044-188-190
2045-210-212
2046-232-235
2047-255-257
2048-277-280
2049-299-302
2050-322-325
2051-344-348
2052-367-370
2053-389-393
2054-412-416
2055-434-439
2056-457-462
2057-480-485
2058-504-509
2059-527-533
2060-551-557
2061-575-581
2062-599-606
2063-624-631
2064-650-657
2065-676-683
2066-702-709
2067-728-736
2068-755-763
2069-782-790
2070-809-818
2071-837-846
2072-866-875
2073-895-904
2074-925-934
2075-955-965
2076-986-996
2077-1018-1028
2078-1051-1061
2079-1084-1095
2080-1119-1130
2081-1154-1166
2082-1190-1202
2083-1226-1238
2084-1263-1275
2085-1300-1313
2086-1337-1350
2087-1374-1388
2088-1411-1425
2089-1448-1462
2090-1484-1499
2091-1520-1535
2092-1554-1570
2093-1589-1605
2094-1623-1639
2095-1657-1673
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