Proposed Provision: B5.2. Beginning for those newly eligible in 2025, 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 $1,519 in 2023). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,519/20 = $75.95. (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 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 117 |
| 2029 | 101 | 100 |
| 2030 | 84 | 84 |
| 2031 | 68 | 68 |
| 2032 | 53 | 52 |
| 2033 | 37 | 37 |
| 2034 | 22 | 21 |
| 2035 | 7 | 6 |
| 2036 | -9 | -11 |
| 2037 | -26 | -27 |
| 2038 | -43 | -45 |
| 2039 | -60 | -62 |
| 2040 | -78 | -81 |
| 2041 | -96 | -100 |
| 2042 | -115 | -119 |
| 2043 | -135 | -138 |
| 2044 | -154 | -158 |
| 2045 | -174 | -179 |
| 2046 | -194 | -200 |
| 2047 | -215 | -220 |
| 2048 | -235 | -242 |
| 2049 | -256 | -263 |
| 2050 | -277 | -284 |
| 2051 | -299 | -306 |
| 2052 | -320 | -328 |
| 2053 | -342 | -351 |
| 2054 | -364 | -373 |
| 2055 | -386 | -396 |
| 2056 | -409 | -419 |
| 2057 | -431 | -443 |
| 2058 | -455 | -467 |
| 2059 | -478 | -491 |
| 2060 | -502 | -516 |
| 2061 | -527 | -541 |
| 2062 | -553 | -568 |
| 2063 | -579 | -594 |
| 2064 | -605 | -622 |
| 2065 | -632 | -649 |
| 2066 | -660 | -678 |
| 2067 | -688 | -706 |
| 2068 | -716 | -736 |
| 2069 | -745 | -765 |
| 2070 | -774 | -795 |
| 2071 | -803 | -825 |
| 2072 | -834 | -856 |
| 2073 | -864 | -888 |
| 2074 | -895 | -920 |
| 2075 | -927 | -953 |
| 2076 | -960 | -986 |
| 2077 | -993 | -1020 |
| 2078 | -1027 | -1056 |
| 2079 | -1062 | -1092 |
| 2080 | -1098 | -1128 |
| 2081 | -1134 | -1166 |
| 2082 | -1172 | -1204 |
| 2083 | -1209 | -1243 |
| 2084 | -1248 | -1283 |
| 2085 | -1287 | -1323 |
| 2086 | -1327 | -1364 |
| 2087 | -1368 | -1406 |
| 2088 | -1409 | -1448 |
| 2089 | -1450 | -1491 |
| 2090 | -1491 | -1533 |
| 2091 | -1532 | -1575 |
| 2092 | -1573 | -1616 |
| 2093 | -1612 | -1657 |
| 2094 | -1651 | -1697 |
| 2095 | -1689 | -1737 |
| 2096 | -1727 | -1775 |
| 2097 | -1764 | -1814 |
| 2098 | -1801 | -1852 |
| 2099 | -1838 | -1889 |
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