Proposed Provision: B5.6. Beginning for those newly eligible in 2025, reconfigure the special minimum benefit: (a) A year of coverage is defined to be either a year in which 4 quarters of coverage are earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 5 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 100 percent of the monthly poverty level (about $1,255 in 2024). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,255/20 = $62.75. (c) From 2024 to the year of implementation, 2025, index the PIA per year of coverage using the CPI index. Then, for later years, index the 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
2029101100
20308484
20316868
20325352
20333737
20342222
203576
2036-9-10
2037-26-27
2038-43-44
2039-60-62
2040-78-80
2041-96-99
2042-115-118
2043-135-137
2044-154-157
2045-174-177
2046-194-198
2047-215-219
2048-235-239
2049-256-261
2050-277-282
2051-299-304
2052-320-325
2053-342-347
2054-364-370
2055-386-392
2056-409-415
2057-431-439
2058-455-462
2059-478-486
2060-502-511
2061-527-536
2062-553-562
2063-579-588
2064-605-615
2065-632-643
2066-660-670
2067-688-699
2068-716-728
2069-745-757
2070-774-786
2071-803-816
2072-834-847
2073-864-878
2074-895-910
2075-927-942
2076-960-975
2077-993-1009
2078-1027-1044
2079-1062-1079
2080-1098-1115
2081-1134-1152
2082-1172-1190
2083-1209-1229
2084-1248-1268
2085-1287-1308
2086-1327-1348
2087-1368-1390
2088-1409-1431
2089-1450-1473
2090-1491-1515
2091-1532-1556
2092-1573-1597
2093-1612-1637
2094-1651-1677
2095-1689-1716
2096-1727-1754
2097-1764-1792
2098-1801-1829
2099-1838-1867
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