Proposed Provision: B5.7. Beginning for those newly eligible in 2027, reconfigure the special minimum benefit: (a) The number of years of work (YOWs) is determined as total quarters of coverage divided by 4, ignoring any fraction. 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+ YOWs equal to 100 percent of the monthly HHS poverty level for the year prior to eligibility. For workers between 11 and 29 YOWs, reduce the special minimum by 3 1/3 percentage points per YOW so that at 29 YOWs the minimum would be 96 2/3% of poverty, ..., down to 11 YOWs at 36 2/3% of poverty. No minimum for 10 or fewer YOWs.
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 | 6 |
2036 | -9 | -10 |
2037 | -26 | -26 |
2038 | -43 | -43 |
2039 | -60 | -61 |
2040 | -78 | -79 |
2041 | -96 | -97 |
2042 | -115 | -116 |
2043 | -135 | -136 |
2044 | -154 | -156 |
2045 | -174 | -176 |
2046 | -194 | -196 |
2047 | -215 | -217 |
2048 | -235 | -237 |
2049 | -256 | -258 |
2050 | -277 | -280 |
2051 | -299 | -301 |
2052 | -320 | -323 |
2053 | -342 | -345 |
2054 | -364 | -367 |
2055 | -386 | -389 |
2056 | -409 | -412 |
2057 | -431 | -435 |
2058 | -455 | -458 |
2059 | -478 | -482 |
2060 | -502 | -506 |
2061 | -527 | -531 |
2062 | -553 | -557 |
2063 | -579 | -583 |
2064 | -605 | -610 |
2065 | -632 | -637 |
2066 | -660 | -665 |
2067 | -688 | -693 |
2068 | -716 | -721 |
2069 | -745 | -750 |
2070 | -774 | -779 |
2071 | -803 | -809 |
2072 | -834 | -839 |
2073 | -864 | -870 |
2074 | -895 | -902 |
2075 | -927 | -934 |
2076 | -960 | -966 |
2077 | -993 | -1000 |
2078 | -1027 | -1034 |
2079 | -1062 | -1069 |
2080 | -1098 | -1105 |
2081 | -1134 | -1142 |
2082 | -1172 | -1179 |
2083 | -1209 | -1217 |
2084 | -1248 | -1256 |
2085 | -1287 | -1295 |
2086 | -1327 | -1336 |
2087 | -1368 | -1376 |
2088 | -1409 | -1418 |
2089 | -1450 | -1459 |
2090 | -1491 | -1500 |
2091 | -1532 | -1541 |
2092 | -1573 | -1582 |
2093 | -1612 | -1622 |
2094 | -1651 | -1660 |
2095 | -1689 | -1699 |
2096 | -1727 | -1737 |
2097 | -1764 | -1774 |
2098 | -1801 | -1811 |
2099 | -1838 | -1848 |
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