Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2024 through 2033: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2017 (reflecting a full-time worker earning the federal minimum wage), adjusted thereafter for wage growth. (b) At implementation, set the minimum PIA at zero percent of AWI for those with 10 or fewer YOWs to 15 percent of AWI for those with 15 YOWs, increasing linearly so that it reaches 19 percent for 19 YOWs. Then the minimum PIA would jump up to 25 percent of AWI for those with 20 YOWs, increasing linearly so that it equals 35 percent of AWI for those with 35 or more YOWs. (c) Use the AWI for two years prior to the year of initial eligibility in the minimum PIA calculation with COLA increase after the year of initial eligibility. (d) Scale the YOW 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
2017298298
2018287287
2019273273
2020259259
2021245245
2022230230
2023215215
2024199199
2025182182
2026165165
2027148148
2028130130
2029112112
20309493
20317575
20325655
20333735
20341615
2035-4-6
2036-26-28
2037-47-50
2038-70-73
2039-92-96
2040-115-120
2041-138-143
2042-161-167
2043-184-191
2044-207-215
2045-230-239
2046-253-263
2047-276-287
2048-300-311
2049-323-336
2050-346-360
2051-370-385
2052-393-409
2053-417-434
2054-440-459
2055-464-484
2056-487-509
2057-511-534
2058-536-560
2059-560-586
2060-585-613
2061-611-640
2062-637-668
2063-663-695
2064-690-724
2065-717-753
2066-745-782
2067-772-812
2068-801-842
2069-829-872
2070-858-903
2071-888-935
2072-918-967
2073-949-1000
2074-981-1034
2075-1014-1068
2076-1047-1104
2077-1082-1141
2078-1117-1178
2079-1153-1216
2080-1190-1255
2081-1227-1294
2082-1264-1333
2083-1300-1373
2084-1337-1412
2085-1374-1450
2086-1410-1489
2087-1446-1528
2088-1483-1567
2089-1520-1606
2090-1557-1645
2091-1595-1685
2092-1633-1726
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