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
2024188188
2025171171
2026152152
2027134134
2028117117
2029101101
20308484
20316868
20325353
20333737
20342222
203577
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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