Proposed Provision: B5.2. Beginning for those newly eligible in 2024, 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 $1,416 in 2022). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,416/20 = $70.80. (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 |
| 2023 | 204 | 204 |
| 2024 | 187 | 187 |
| 2025 | 168 | 168 |
| 2026 | 149 | 149 |
| 2027 | 131 | 131 |
| 2028 | 114 | 113 |
| 2029 | 96 | 95 |
| 2030 | 78 | 78 |
| 2031 | 60 | 60 |
| 2032 | 43 | 42 |
| 2033 | 25 | 24 |
| 2034 | 7 | 5 |
| 2035 | -12 | -14 |
| 2036 | -31 | -33 |
| 2037 | -51 | -53 |
| 2038 | -70 | -73 |
| 2039 | -91 | -94 |
| 2040 | -112 | -116 |
| 2041 | -133 | -137 |
| 2042 | -154 | -159 |
| 2043 | -176 | -181 |
| 2044 | -198 | -204 |
| 2045 | -220 | -227 |
| 2046 | -243 | -250 |
| 2047 | -265 | -273 |
| 2048 | -288 | -296 |
| 2049 | -311 | -319 |
| 2050 | -333 | -343 |
| 2051 | -357 | -367 |
| 2052 | -380 | -391 |
| 2053 | -403 | -415 |
| 2054 | -427 | -439 |
| 2055 | -450 | -463 |
| 2056 | -474 | -488 |
| 2057 | -498 | -513 |
| 2058 | -522 | -538 |
| 2059 | -547 | -563 |
| 2060 | -572 | -589 |
| 2061 | -597 | -615 |
| 2062 | -623 | -643 |
| 2063 | -650 | -670 |
| 2064 | -677 | -698 |
| 2065 | -705 | -727 |
| 2066 | -733 | -756 |
| 2067 | -762 | -786 |
| 2068 | -791 | -816 |
| 2069 | -820 | -846 |
| 2070 | -850 | -877 |
| 2071 | -880 | -909 |
| 2072 | -911 | -940 |
| 2073 | -942 | -973 |
| 2074 | -974 | -1005 |
| 2075 | -1006 | -1039 |
| 2076 | -1039 | -1073 |
| 2077 | -1074 | -1108 |
| 2078 | -1108 | -1145 |
| 2079 | -1144 | -1182 |
| 2080 | -1181 | -1220 |
| 2081 | -1218 | -1258 |
| 2082 | -1256 | -1297 |
| 2083 | -1294 | -1337 |
| 2084 | -1333 | -1378 |
| 2085 | -1373 | -1418 |
| 2086 | -1413 | -1460 |
| 2087 | -1453 | -1502 |
| 2088 | -1494 | -1543 |
| 2089 | -1534 | -1585 |
| 2090 | -1574 | -1626 |
| 2091 | -1613 | -1667 |
| 2092 | -1651 | -1707 |
| 2093 | -1689 | -1746 |
| 2094 | -1726 | -1785 |
| 2095 | -1762 | -1823 |
| 2096 | -1798 | -1860 |
| 2097 | -1833 | -1897 |
| 2098 | -1868 | -1933 |
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