Proposed Provision: B5.11. 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) For beneficiaries becoming newly eligible in 2021, set the initial special minimum benefit for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for 2020. For beneficiaries becoming newly eligible after 2021, the initial special minimum benefit is indexed by the AWI. 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
2025183182
2026165165
2027148147
2028130129
2029112111
20309493
20317674
20325856
20333937
20342018
20351-1
2036-19-21
2037-38-42
2038-59-62
2039-80-83
2040-101-105
2041-122-127
2042-144-149
2043-166-171
2044-188-194
2045-210-216
2046-232-239
2047-255-262
2048-277-285
2049-299-308
2050-322-331
2051-344-354
2052-367-377
2053-389-400
2054-412-423
2055-434-447
2056-457-470
2057-480-494
2058-504-518
2059-527-542
2060-551-566
2061-575-591
2062-599-617
2063-624-642
2064-650-668
2065-676-695
2066-702-722
2067-728-749
2068-755-777
2069-782-805
2070-809-833
2071-837-862
2072-866-891
2073-895-921
2074-925-951
2075-955-983
2076-986-1014
2077-1018-1047
2078-1051-1081
2079-1084-1115
2080-1119-1151
2081-1154-1187
2082-1190-1224
2083-1226-1261
2084-1263-1299
2085-1300-1337
2086-1337-1375
2087-1374-1413
2088-1411-1452
2089-1448-1489
2090-1484-1526
2091-1520-1563
2092-1554-1599
2093-1589-1634
2094-1623-1669
2095-1657-1704
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