Proposed Provision: B5.4. Beginning for those newly eligible in 2029, 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 $1,342 in 2021). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,342/20 = $67.10. (c) From 2021 to the year of implementation, 2029, index the PIA per year of coverage using the chain-CPI index. Then, for later years, index the PIA per year of coverage by wage growth for successive cohorts. (d) Scale work 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
2022230230
2023211211
2024194194
2025177177
2026160160
2027143143
2028126126
2029109109
20309191
20317474
20325757
20333939
20342121
203533
2036-16-16
2037-35-35
2038-54-55
2039-74-75
2040-95-96
2041-116-117
2042-137-138
2043-158-160
2044-180-182
2045-202-204
2046-224-226
2047-246-249
2048-268-271
2049-291-294
2050-313-317
2051-336-341
2052-359-364
2053-383-388
2054-406-411
2055-430-435
2056-453-459
2057-477-484
2058-501-508
2059-525-533
2060-550-558
2061-575-584
2062-601-610
2063-627-637
2064-654-664
2065-681-691
2066-708-719
2067-736-748
2068-764-776
2069-792-805
2070-821-835
2071-850-864
2072-880-895
2073-910-925
2074-940-956
2075-971-988
2076-1003-1020
2077-1036-1054
2078-1069-1088
2079-1104-1123
2080-1139-1159
2081-1175-1196
2082-1212-1233
2083-1249-1271
2084-1286-1309
2085-1324-1348
2086-1363-1388
2087-1402-1428
2088-1442-1468
2089-1481-1508
2090-1520-1547
2091-1558-1586
2092-1595-1625
2093-1632-1662
2094-1668-1699
2095-1703-1735
2096-1738-1771
2097-1773-1806
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