Proposed Provision: B5.5. Beginning for those newly eligible in 2026, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,620 in 2023). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,620/11 = $147.27. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts. (d) Scale work 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 |
2024 | 188 | 188 |
2025 | 171 | 171 |
2026 | 152 | 152 |
2027 | 134 | 134 |
2028 | 117 | 117 |
2029 | 101 | 101 |
2030 | 84 | 84 |
2031 | 68 | 68 |
2032 | 53 | 53 |
2033 | 37 | 37 |
2034 | 22 | 22 |
2035 | 7 | 7 |
2036 | -9 | -9 |
2037 | -26 | -26 |
2038 | -43 | -43 |
2039 | -60 | -60 |
2040 | -78 | -78 |
2041 | -96 | -97 |
2042 | -115 | -115 |
2043 | -135 | -135 |
2044 | -154 | -154 |
2045 | -174 | -174 |
2046 | -194 | -195 |
2047 | -215 | -215 |
2048 | -235 | -236 |
2049 | -256 | -257 |
2050 | -277 | -278 |
2051 | -299 | -299 |
2052 | -320 | -320 |
2053 | -342 | -342 |
2054 | -364 | -364 |
2055 | -386 | -387 |
2056 | -409 | -409 |
2057 | -431 | -432 |
2058 | -455 | -455 |
2059 | -478 | -479 |
2060 | -502 | -503 |
2061 | -527 | -528 |
2062 | -553 | -553 |
2063 | -579 | -579 |
2064 | -605 | -606 |
2065 | -632 | -633 |
2066 | -660 | -660 |
2067 | -688 | -688 |
2068 | -716 | -717 |
2069 | -745 | -745 |
2070 | -774 | -775 |
2071 | -803 | -804 |
2072 | -834 | -834 |
2073 | -864 | -865 |
2074 | -895 | -896 |
2075 | -927 | -928 |
2076 | -960 | -961 |
2077 | -993 | -994 |
2078 | -1027 | -1028 |
2079 | -1062 | -1063 |
2080 | -1098 | -1099 |
2081 | -1134 | -1136 |
2082 | -1172 | -1173 |
2083 | -1209 | -1211 |
2084 | -1248 | -1249 |
2085 | -1287 | -1289 |
2086 | -1327 | -1329 |
2087 | -1368 | -1369 |
2088 | -1409 | -1411 |
2089 | -1450 | -1452 |
2090 | -1491 | -1493 |
2091 | -1532 | -1534 |
2092 | -1573 | -1574 |
2093 | -1612 | -1614 |
2094 | -1651 | -1653 |
2095 | -1689 | -1691 |
2096 | -1727 | -1729 |
2097 | -1764 | -1766 |
2098 | -1801 | -1803 |
2099 | -1838 | -1839 |
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