Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2030 through 2039: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2023 (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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324343
20332525
203477
2035-12-12
2036-31-31
2037-51-51
2038-70-71
2039-91-92
2040-112-113
2041-133-135
2042-154-157
2043-176-179
2044-198-201
2045-220-224
2046-243-247
2047-265-271
2048-288-294
2049-311-318
2050-333-342
2051-357-366
2052-380-391
2053-403-415
2054-427-440
2055-450-465
2056-474-490
2057-498-516
2058-522-542
2059-547-568
2060-572-595
2061-597-622
2062-623-650
2063-650-679
2064-677-708
2065-705-738
2066-733-768
2067-762-799
2068-791-830
2069-820-862
2070-850-894
2071-880-926
2072-911-959
2073-942-993
2074-974-1027
2075-1006-1062
2076-1039-1098
2077-1074-1134
2078-1108-1172
2079-1144-1211
2080-1181-1250
2081-1218-1290
2082-1256-1331
2083-1294-1372
2084-1333-1414
2085-1373-1457
2086-1413-1500
2087-1453-1543
2088-1494-1587
2089-1534-1631
2090-1574-1674
2091-1613-1716
2092-1651-1758
2093-1689-1799
2094-1726-1839
2095-1762-1879
2096-1798-1918
2097-1833-1957
2098-1868-1995
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