Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2031 through 2040: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2024 (reflecting a full-time worker earning the federal minimum wage), adjusted thereafter for wage growth. (b) At implementation, set the minimum PIA at zero percent of AWI for those with 10 or fewer YOWs to 15 percent of AWI for those with 15 YOWs, increasing linearly so that it reaches 19 percent for 19 YOWs. Then the minimum PIA would jump up to 25 percent of AWI for those with 20 YOWs, increasing linearly so that it equals 35 percent of AWI for those with 35 or more YOWs. (c) Use the AWI for two years prior to the year of initial eligibility in the minimum PIA calculation with COLA increase after the year of initial eligibility. (d) Scale the YOW 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
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
2043-135-137
2044-154-157
2045-174-178
2046-194-199
2047-215-220
2048-235-242
2049-256-263
2050-277-286
2051-299-308
2052-320-331
2053-342-354
2054-364-377
2055-386-401
2056-409-425
2057-431-449
2058-455-474
2059-478-500
2060-502-526
2061-527-552
2062-553-580
2063-579-608
2064-605-636
2065-632-665
2066-660-695
2067-688-725
2068-716-756
2069-745-787
2070-774-818
2071-803-850
2072-834-883
2073-864-916
2074-895-949
2075-927-984
2076-960-1019
2077-993-1055
2078-1027-1092
2079-1062-1130
2080-1098-1168
2081-1134-1208
2082-1172-1248
2083-1209-1289
2084-1248-1330
2085-1287-1373
2086-1327-1416
2087-1368-1460
2088-1409-1504
2089-1450-1549
2090-1491-1593
2091-1532-1638
2092-1573-1681
2093-1612-1724
2094-1651-1767
2095-1689-1808
2096-1727-1849
2097-1764-1890
2098-1801-1930
2099-1838-1970
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