Proposed Provision: B5.4. Beginning for those newly eligible in 2026, 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 $1,265 in 2018). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,265/20 = $63.25. (c) From 2018 to the year of implementation, 2026, 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
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114114
20309797
20318080
20326363
20334645
20342827
2035108
2036-9-11
2037-28-30
2038-47-50
2039-67-70
2040-87-90
2041-108-111
2042-129-132
2043-150-154
2044-171-175
2045-192-197
2046-213-218
2047-234-240
2048-255-261
2049-276-283
2050-297-304
2051-318-326
2052-338-347
2053-359-369
2054-380-391
2055-401-412
2056-422-434
2057-444-456
2058-465-478
2059-487-501
2060-509-524
2061-531-547
2062-554-570
2063-577-594
2064-601-619
2065-625-644
2066-649-669
2067-674-694
2068-699-720
2069-724-746
2070-749-773
2071-776-800
2072-802-828
2073-830-856
2074-857-885
2075-885-914
2076-914-944
2077-944-975
2078-975-1007
2079-1007-1039
2080-1039-1073
2081-1072-1107
2082-1106-1141
2083-1139-1176
2084-1173-1211
2085-1207-1247
2086-1242-1282
2087-1275-1317
2088-1309-1352
2089-1342-1386
2090-1375-1420
2091-1407-1454
2092-1439-1487
2093-1471-1520
2094-1503-1553
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