Proposed Provision: B5.7. Beginning for those newly eligible in 2024, 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104103
20308584
20316665
20324646
20332726
203477
2035-13-14
2036-33-34
2037-54-55
2038-76-77
2039-97-99
2040-119-121
2041-142-143
2042-165-166
2043-188-190
2044-211-213
2045-235-237
2046-258-261
2047-282-285
2048-306-309
2049-330-333
2050-354-357
2051-378-382
2052-403-407
2053-427-431
2054-452-456
2055-477-481
2056-502-507
2057-527-532
2058-552-557
2059-578-583
2060-604-609
2061-630-636
2062-657-663
2063-684-690
2064-712-718
2065-740-746
2066-768-775
2067-796-804
2068-825-833
2069-855-862
2070-884-892
2071-914-922
2072-945-953
2073-976-984
2074-1007-1015
2075-1039-1047
2076-1071-1080
2077-1105-1114
2078-1139-1149
2079-1175-1184
2080-1211-1221
2081-1248-1258
2082-1286-1296
2083-1324-1334
2084-1363-1374
2085-1403-1414
2086-1443-1454
2087-1483-1494
2088-1524-1535
2089-1564-1576
2090-1604-1616
2091-1643-1655
2092-1681-1693
2093-1718-1730
2094-1754-1766
2095-1789-1802
2096-1825-1838
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