Proposed Provision: B5.10. Reconfigure the special minimum benefit, phased in for retired and disabled workers newly eligible from 2025 through 2034: (a) A year of work (YOW) coverage is equal to earnings at or above $10,875 in 2018 (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
2018288288
2019272272
2020256256
2021239239
2022223223
2023206206
2024188188
2025171171
2026154154
2027137137
2028120120
2029104103
20308686
20316969
20325151
20333332
20341413
2035-5-7
2036-25-27
2037-46-48
2038-67-69
2039-88-91
2040-110-114
2041-132-136
2042-154-159
2043-176-182
2044-199-206
2045-221-229
2046-244-253
2047-267-276
2048-289-300
2049-312-324
2050-335-348
2051-358-372
2052-381-396
2053-403-420
2054-426-444
2055-450-469
2056-473-493
2057-496-518
2058-520-543
2059-544-569
2060-569-595
2061-594-622
2062-619-649
2063-645-676
2064-671-704
2065-698-733
2066-725-762
2067-752-791
2068-780-821
2069-808-851
2070-837-881
2071-866-912
2072-896-944
2073-927-977
2074-958-1010
2075-990-1044
2076-1023-1079
2077-1057-1115
2078-1092-1153
2079-1128-1191
2080-1165-1230
2081-1202-1269
2082-1240-1309
2083-1278-1350
2084-1316-1391
2085-1354-1431
2086-1392-1472
2087-1430-1512
2088-1468-1553
2089-1505-1593
2090-1543-1632
2091-1580-1672
2092-1618-1712
2093-1655-1752
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