Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2028 through 2037: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2021 (reflecting a full-time worker earning the federal minimum wage), adjusted thereafter for wage growth. (b) At implementation, set the minimum PIA at zero percent of AWI for those with 10 or fewer YOWs to 15 percent of AWI for those with 15 YOWs, increasing linearly so that it reaches 19 percent for 19 YOWs. Then the minimum PIA would jump up to 25 percent of AWI for those with 20 YOWs, increasing linearly so that it equals 35 percent of AWI for those with 35 or more YOWs. (c) Use the AWI for two years prior to the year of initial eligibility in the minimum PIA calculation with COLA increase after the year of initial eligibility. (d) Scale the YOW 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324646
20332727
203477
2035-13-13
2036-33-34
2037-54-55
2038-76-77
2039-97-99
2040-119-122
2041-142-144
2042-165-168
2043-188-192
2044-211-216
2045-235-240
2046-258-264
2047-282-289
2048-306-314
2049-330-339
2050-354-364
2051-378-390
2052-403-415
2053-427-441
2054-452-467
2055-477-493
2056-502-520
2057-527-546
2058-552-573
2059-578-600
2060-604-628
2061-630-656
2062-657-685
2063-684-713
2064-712-743
2065-740-773
2066-768-803
2067-796-834
2068-825-865
2069-855-896
2070-884-928
2071-914-960
2072-945-993
2073-976-1026
2074-1007-1059
2075-1039-1093
2076-1071-1128
2077-1105-1164
2078-1139-1201
2079-1175-1239
2080-1211-1278
2081-1248-1318
2082-1286-1358
2083-1324-1399
2084-1363-1441
2085-1403-1483
2086-1443-1526
2087-1483-1569
2088-1524-1613
2089-1564-1656
2090-1604-1699
2091-1643-1741
2092-1681-1781
2093-1718-1821
2094-1754-1860
2095-1789-1899
2096-1825-1937
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