Proposed Provision: B5.2. Beginning for those newly eligible in 2022, 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 30 years of coverage equal to 125 percent of the monthly poverty level (about $1,329 in 2020). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,329/20 = $66.45. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141140
2028122122
2029104103
20308584
20316664
20324645
20332725
203475
2035-13-15
2036-33-36
2037-54-58
2038-76-79
2039-97-102
2040-119-124
2041-142-147
2042-165-170
2043-188-194
2044-211-218
2045-235-242
2046-258-266
2047-282-291
2048-306-315
2049-330-340
2050-354-365
2051-378-390
2052-403-415
2053-427-440
2054-452-466
2055-477-492
2056-502-517
2057-527-543
2058-552-569
2059-578-596
2060-604-623
2061-630-650
2062-657-677
2063-684-706
2064-712-734
2065-740-763
2066-768-792
2067-796-822
2068-825-852
2069-855-882
2070-884-913
2071-914-944
2072-945-976
2073-976-1007
2074-1007-1040
2075-1039-1073
2076-1071-1107
2077-1105-1141
2078-1139-1177
2079-1175-1214
2080-1211-1251
2081-1248-1290
2082-1286-1329
2083-1324-1368
2084-1363-1409
2085-1403-1450
2086-1443-1491
2087-1483-1533
2088-1524-1575
2089-1564-1617
2090-1604-1658
2091-1643-1699
2092-1681-1738
2093-1718-1776
2094-1754-1814
2095-1789-1851
2096-1825-1887
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