Proposed Provision: B6.7. Starting in January 2031, provide an addition to monthly benefits for all beneficiaries who have been eligible for at least 20 years, with the following specifications: (1) Augment benefits (not the PIA) for those of qualifying age and eligibility duration with a MAGI below about $30,000 if single and $60,000 if married. MAGI is set to equal the IRMAA definition (AGI plus tax-exempt interest income). Index these thresholds after 2031 by the increase in the C-CPI-U; (2) The full additional amount is applicable for those born 1964 and later, once 24 years elapse from initial eligibility. The basic additional amount is calculated as 5 percent of the PIA for a hypothetical worker with earnings equal to the AWI each year; (3) For those born prior to 1964, the full additional amount is multiplied by the number of years they have been affected by the C-CPI-U, divided by 24; (4) Beneficiaries will receive 20 percent of their additional amount in their 20th year after initial eligibility, 40 percent in their 21st year after initial eligibility,..., and 100 percent of their additional amount in their 24th and later years after benefit eligibility; (5) Retired and disabled worker beneficiaries, dually entitled spouse beneficiaries, and all survivor beneficiaries received their addition as described above. Spousal beneficiaries (aged or with child in care) and child beneficiaries of a living retired or disabled worker receive 50 percent of the additional amount described above. Other beneficiary types (such as parents of deceased workers) will receive the percentage of the flat benefit that equals the percentage of the insured worker's PIA that they receive; (6) The AWI used is for the second year prior to the beneficiary's initial eligibility year, with applicable COLAs applied up to the age when the addition is received; and (7) The additional amount is added to the monthly benefit after reductions for early claiming or increases for delayed claiming have been applied.

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
2039-60-61
2040-78-79
2041-96-98
2042-115-117
2043-135-136
2044-154-156
2045-174-176
2046-194-197
2047-215-217
2048-235-238
2049-256-259
2050-277-281
2051-299-302
2052-320-324
2053-342-346
2054-364-369
2055-386-391
2056-409-414
2057-431-437
2058-455-461
2059-478-485
2060-502-510
2061-527-535
2062-553-561
2063-579-587
2064-605-614
2065-632-642
2066-660-669
2067-688-698
2068-716-726
2069-745-756
2070-774-785
2071-803-815
2072-834-846
2073-864-877
2074-895-908
2075-927-941
2076-960-974
2077-993-1007
2078-1027-1042
2079-1062-1077
2080-1098-1114
2081-1134-1151
2082-1172-1188
2083-1209-1227
2084-1248-1266
2085-1287-1306
2086-1327-1346
2087-1368-1387
2088-1409-1429
2089-1450-1471
2090-1491-1512
2091-1532-1554
2092-1573-1595
2093-1612-1635
2094-1651-1674
2095-1689-1713
2096-1727-1751
2097-1764-1789
2098-1801-1827
2099-1838-1864
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