Proposed Provision: B5.1. Increase the PIA to a level such that a worker with 30 years of earnings at the minimum wage level receives an adjusted PIA equal to 120 percent of the Federal poverty level for an aged individual. This provision takes full effect for all newly eligible OASDI workers in 2042, and is phased in for new eligibles in 2033 through 2041. The percentage increase in PIA is lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for workers with 20 or fewer years of earnings. (Year-of-work requirements are "scaled" for disabled workers based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement percentage is reduced proportionately for workers with higher average indexed monthly earnings (AIME), down to no enhancement for those with AIME at least twice that of a 35-year steady minimum wage earner.

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
2049-256-256
2050-277-278
2051-299-299
2052-320-320
2053-342-342
2054-364-364
2055-386-386
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
2068-716-716
2069-745-745
2070-774-774
2071-803-804
2072-834-834
2073-864-865
2074-895-896
2075-927-928
2076-960-960
2077-993-994
2078-1027-1028
2079-1062-1063
2080-1098-1099
2081-1134-1135
2082-1172-1172
2083-1209-1210
2084-1248-1249
2085-1287-1288
2086-1327-1328
2087-1368-1369
2088-1409-1410
2089-1450-1451
2090-1491-1492
2091-1532-1533
2092-1573-1573
2093-1612-1613
2094-1651-1652
2095-1689-1690
2096-1727-1728
2097-1764-1765
2098-1801-1802
2099-1838-1838
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