Proposed Provision: B6.8. Starting in 2023, provide an additional monthly benefit equal to 1/12th of 2 percent of the AWI for the second prior year. This additional benefit would be available to those meeting any of the following four requirements: (a) Social Security beneficiaries who have attained age 82; (b) Social Security beneficiaries who have attained NRA and have both AIME at or below the first PIA bend point ($996 for 2021 initial eligibility) and at least 11 "years of coverage" as used for Windfall Elimination Provision purposes (earnings above $26,550 for 2021); (c) Individuals who have received Social Security benefits and/or SSI payments for at least 240 distinct months after attaining age 19; or (d) SSI recipients who have attained the Social Security NRA. This additional benefit would be paid out of the applicable Social Security OASI or DI Trust Fund for any month in which the individual is in receipt of a Social Security benefit; it would be paid out of the General Fund of the Treasury for any month in which the individual is in receipt of an SSI monthly payment but not a Social Security monthly benefit.

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

Year Current Law Provision
2021253253
2022231231
2023214211
2024196193
2025178174
2026159154
2027141135
2028122116
202910496
20308576
20316656
20324636
20332716
20347-5
2035-13-26
2036-33-48
2037-54-70
2038-76-92
2039-97-115
2040-119-139
2041-142-162
2042-165-186
2043-188-211
2044-211-236
2045-235-261
2046-258-286
2047-282-311
2048-306-336
2049-330-362
2050-354-388
2051-378-414
2052-403-440
2053-427-466
2054-452-492
2055-477-519
2056-502-545
2057-527-572
2058-552-599
2059-578-626
2060-604-653
2061-630-681
2062-657-709
2063-684-737
2064-712-766
2065-740-796
2066-768-825
2067-796-856
2068-825-886
2069-855-917
2070-884-948
2071-914-979
2072-945-1011
2073-976-1043
2074-1007-1076
2075-1039-1109
2076-1071-1144
2077-1105-1179
2078-1139-1215
2079-1175-1252
2080-1211-1290
2081-1248-1329
2082-1286-1369
2083-1324-1409
2084-1363-1450
2085-1403-1492
2086-1443-1534
2087-1483-1576
2088-1524-1619
2089-1564-1662
2090-1604-1704
2091-1643-1745
2092-1681-1785
2093-1718-1824
2094-1754-1862
2095-1789-1900
2096-1825-1938
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