Proposed Provision: B5.1. Increase the PIA to a level such that a worker with 30 years of earnings at the minimum wage level receives an adjusted PIA equal to 120 percent of the Federal poverty level for an aged individual. This provision takes full effect for all newly eligible OASDI workers in 2036, and is phased in for new eligibles in 2027 through 2035. The percentage increase in PIA is lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for workers with 20 or fewer years of earnings. (Year-of-work requirements are "scaled" for disabled workers based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement percentage is reduced proportionately for workers with higher average indexed monthly earnings (AIME), down to no enhancement for those with AIME at least twice that of a 35-year steady minimum wage earner.

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

Year Current Law Provision
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154154
2027137137
2028120120
2029104104
20308686
20316969
20325151
20333333
20341414
2035-5-6
2036-25-26
2037-46-46
2038-67-67
2039-88-89
2040-110-110
2041-132-133
2042-154-155
2043-176-178
2044-199-200
2045-221-223
2046-244-245
2047-267-268
2048-289-291
2049-312-314
2050-335-337
2051-358-360
2052-381-383
2053-403-406
2054-426-429
2055-450-452
2056-473-475
2057-496-499
2058-520-523
2059-544-547
2060-569-572
2061-594-597
2062-619-623
2063-645-649
2064-671-675
2065-698-702
2066-725-729
2067-752-757
2068-780-785
2069-808-813
2070-837-842
2071-866-871
2072-896-901
2073-927-932
2074-958-963
2075-990-995
2076-1023-1028
2077-1057-1062
2078-1092-1098
2079-1128-1134
2080-1165-1170
2081-1202-1208
2082-1240-1245
2083-1278-1283
2084-1316-1322
2085-1354-1360
2086-1392-1398
2087-1430-1436
2088-1468-1474
2089-1505-1512
2090-1543-1549
2091-1580-1586
2092-1618-1624
2093-1655-1662
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