Proposed Provision: B5.7. Beginning for those newly eligible in 2023, 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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
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
2045-210-213
2046-232-235
2047-255-258
2048-277-280
2049-299-303
2050-322-326
2051-344-348
2052-367-371
2053-389-394
2054-412-417
2055-434-440
2056-457-463
2057-480-486
2058-504-510
2059-527-533
2060-551-557
2061-575-582
2062-599-606
2063-624-632
2064-650-657
2065-676-683
2066-702-710
2067-728-736
2068-755-763
2069-782-791
2070-809-818
2071-837-847
2072-866-875
2073-895-905
2074-925-935
2075-955-965
2076-986-996
2077-1018-1028
2078-1051-1061
2079-1084-1095
2080-1119-1130
2081-1154-1165
2082-1190-1201
2083-1226-1238
2084-1263-1275
2085-1300-1312
2086-1337-1349
2087-1374-1387
2088-1411-1424
2089-1448-1461
2090-1484-1497
2091-1520-1533
2092-1554-1568
2093-1589-1603
2094-1623-1637
2095-1657-1671
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