Proposed Provision: B5.2. Beginning for those newly eligible in 2022, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,329 in 2020). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,329/20 = $66.45. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2021 | 253 | 253 |
| 2022 | 231 | 231 |
| 2023 | 214 | 214 |
| 2024 | 196 | 196 |
| 2025 | 178 | 178 |
| 2026 | 159 | 159 |
| 2027 | 141 | 140 |
| 2028 | 122 | 122 |
| 2029 | 104 | 103 |
| 2030 | 85 | 84 |
| 2031 | 66 | 64 |
| 2032 | 46 | 45 |
| 2033 | 27 | 25 |
| 2034 | 7 | 5 |
| 2035 | -13 | -15 |
| 2036 | -33 | -36 |
| 2037 | -54 | -58 |
| 2038 | -76 | -79 |
| 2039 | -97 | -102 |
| 2040 | -119 | -124 |
| 2041 | -142 | -147 |
| 2042 | -165 | -170 |
| 2043 | -188 | -194 |
| 2044 | -211 | -218 |
| 2045 | -235 | -242 |
| 2046 | -258 | -266 |
| 2047 | -282 | -291 |
| 2048 | -306 | -315 |
| 2049 | -330 | -340 |
| 2050 | -354 | -365 |
| 2051 | -378 | -390 |
| 2052 | -403 | -415 |
| 2053 | -427 | -440 |
| 2054 | -452 | -466 |
| 2055 | -477 | -492 |
| 2056 | -502 | -517 |
| 2057 | -527 | -543 |
| 2058 | -552 | -569 |
| 2059 | -578 | -596 |
| 2060 | -604 | -623 |
| 2061 | -630 | -650 |
| 2062 | -657 | -677 |
| 2063 | -684 | -706 |
| 2064 | -712 | -734 |
| 2065 | -740 | -763 |
| 2066 | -768 | -792 |
| 2067 | -796 | -822 |
| 2068 | -825 | -852 |
| 2069 | -855 | -882 |
| 2070 | -884 | -913 |
| 2071 | -914 | -944 |
| 2072 | -945 | -976 |
| 2073 | -976 | -1007 |
| 2074 | -1007 | -1040 |
| 2075 | -1039 | -1073 |
| 2076 | -1071 | -1107 |
| 2077 | -1105 | -1141 |
| 2078 | -1139 | -1177 |
| 2079 | -1175 | -1214 |
| 2080 | -1211 | -1251 |
| 2081 | -1248 | -1290 |
| 2082 | -1286 | -1329 |
| 2083 | -1324 | -1368 |
| 2084 | -1363 | -1409 |
| 2085 | -1403 | -1450 |
| 2086 | -1443 | -1491 |
| 2087 | -1483 | -1533 |
| 2088 | -1524 | -1575 |
| 2089 | -1564 | -1617 |
| 2090 | -1604 | -1658 |
| 2091 | -1643 | -1699 |
| 2092 | -1681 | -1738 |
| 2093 | -1718 | -1776 |
| 2094 | -1754 | -1814 |
| 2095 | -1789 | -1851 |
| 2096 | -1825 | -1887 |
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