Proposed Provision: B5.4. Beginning for those newly eligible in 2030, 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 $1,416 in 2022). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,416/20 = $70.80. (c) From 2022 to the year of implementation, 2030, 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
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324343
20332525
203477
2035-12-12
2036-31-31
2037-51-51
2038-70-71
2039-91-92
2040-112-113
2041-133-134
2042-154-156
2043-176-178
2044-198-201
2045-220-223
2046-243-246
2047-265-269
2048-288-292
2049-311-315
2050-333-338
2051-357-362
2052-380-385
2053-403-409
2054-427-433
2055-450-457
2056-474-482
2057-498-506
2058-522-531
2059-547-556
2060-572-582
2061-597-608
2062-623-635
2063-650-662
2064-677-690
2065-705-719
2066-733-747
2067-762-777
2068-791-807
2069-820-837
2070-850-867
2071-880-898
2072-911-930
2073-942-962
2074-974-994
2075-1006-1027
2076-1039-1062
2077-1074-1096
2078-1108-1132
2079-1144-1169
2080-1181-1207
2081-1218-1245
2082-1256-1284
2083-1294-1323
2084-1333-1363
2085-1373-1404
2086-1413-1445
2087-1453-1486
2088-1494-1527
2089-1534-1569
2090-1574-1610
2091-1613-1650
2092-1651-1690
2093-1689-1728
2094-1726-1766
2095-1762-1804
2096-1798-1841
2097-1833-1877
2098-1868-1913
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