Proposed Provision: B5.9. Beginning for those newly eligible in 2026, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which 4 quarters of coverage are earned. (b) At implementation, set the PIA for 40 years of coverage equal to 125 percent of the monthly Aged Federal poverty level (about $1,522 in 2023). For those with 20 or fewer years of coverage, phase up linearly from 0 percent of the poverty level for 10 years of coverage to 100 percent of the poverty level. For those having between 20 and 40 years of coverage, phase up linearly from 100 percent of the poverty level at 20 years of coverage to 125% of the poverty level for 40 or more years of coverage. (c) For newly eligible workers in 2026 and 2027, index the applicable poverty level using the CPI index, to the year prior to eligibility. Then, for newly eligible workers in 2028 and later, index the PIA per year of coverage by wage growth for successive cohorts. (d) Disabled workers have a somewhat similar minimum benefit, with work requirements scaled 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
2036-9-10
2037-26-26
2038-43-43
2039-60-61
2040-78-79
2041-96-98
2042-115-117
2043-135-137
2044-154-157
2045-174-177
2046-194-198
2047-215-219
2048-235-240
2049-256-261
2050-277-283
2051-299-305
2052-320-327
2053-342-349
2054-364-372
2055-386-395
2056-409-418
2057-431-441
2058-455-465
2059-478-490
2060-502-514
2061-527-540
2062-553-566
2063-579-593
2064-605-621
2065-632-648
2066-660-677
2067-688-706
2068-716-735
2069-745-764
2070-774-794
2071-803-825
2072-834-856
2073-864-888
2074-895-920
2075-927-953
2076-960-986
2077-993-1021
2078-1027-1056
2079-1062-1092
2080-1098-1129
2081-1134-1167
2082-1172-1205
2083-1209-1244
2084-1248-1284
2085-1287-1324
2086-1327-1366
2087-1368-1408
2088-1409-1450
2089-1450-1492
2090-1491-1535
2091-1532-1577
2092-1573-1619
2093-1612-1660
2094-1651-1700
2095-1689-1739
2096-1727-1778
2097-1764-1817
2098-1801-1855
2099-1838-1893
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