Proposed Provision: B5.7. Beginning for those newly eligible in 2026, 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 |
2023 | 204 | 204 |
2024 | 187 | 187 |
2025 | 168 | 168 |
2026 | 149 | 149 |
2027 | 131 | 131 |
2028 | 114 | 114 |
2029 | 96 | 96 |
2030 | 78 | 78 |
2031 | 60 | 60 |
2032 | 43 | 43 |
2033 | 25 | 25 |
2034 | 7 | 6 |
2035 | -12 | -12 |
2036 | -31 | -32 |
2037 | -51 | -51 |
2038 | -70 | -71 |
2039 | -91 | -92 |
2040 | -112 | -113 |
2041 | -133 | -134 |
2042 | -154 | -156 |
2043 | -176 | -178 |
2044 | -198 | -200 |
2045 | -220 | -222 |
2046 | -243 | -245 |
2047 | -265 | -267 |
2048 | -288 | -290 |
2049 | -311 | -313 |
2050 | -333 | -336 |
2051 | -357 | -360 |
2052 | -380 | -383 |
2053 | -403 | -406 |
2054 | -427 | -430 |
2055 | -450 | -454 |
2056 | -474 | -478 |
2057 | -498 | -502 |
2058 | -522 | -526 |
2059 | -547 | -551 |
2060 | -572 | -576 |
2061 | -597 | -602 |
2062 | -623 | -629 |
2063 | -650 | -656 |
2064 | -677 | -683 |
2065 | -705 | -711 |
2066 | -733 | -739 |
2067 | -762 | -768 |
2068 | -791 | -797 |
2069 | -820 | -827 |
2070 | -850 | -857 |
2071 | -880 | -887 |
2072 | -911 | -918 |
2073 | -942 | -950 |
2074 | -974 | -982 |
2075 | -1006 | -1014 |
2076 | -1039 | -1047 |
2077 | -1074 | -1082 |
2078 | -1108 | -1117 |
2079 | -1144 | -1153 |
2080 | -1181 | -1190 |
2081 | -1218 | -1227 |
2082 | -1256 | -1265 |
2083 | -1294 | -1304 |
2084 | -1333 | -1343 |
2085 | -1373 | -1383 |
2086 | -1413 | -1423 |
2087 | -1453 | -1463 |
2088 | -1494 | -1504 |
2089 | -1534 | -1544 |
2090 | -1574 | -1584 |
2091 | -1613 | -1624 |
2092 | -1651 | -1662 |
2093 | -1689 | -1700 |
2094 | -1726 | -1737 |
2095 | -1762 | -1774 |
2096 | -1798 | -1810 |
2097 | -1833 | -1845 |
2098 | -1868 | -1880 |
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