Proposed Provision: B5.7. Beginning for those newly eligible in 2022, 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
2019273273
2020260260
2021245245
2022229229
2023213213
2024197197
2025180180
2026163163
2027147147
2028130130
2029114113
20309797
20318080
20326362
20334645
20342827
2035108
2036-9-10
2037-28-30
2038-47-49
2039-67-69
2040-87-90
2041-108-110
2042-129-131
2043-150-152
2044-171-174
2045-192-195
2046-213-216
2047-234-237
2048-255-258
2049-276-280
2050-297-301
2051-318-322
2052-338-343
2053-359-364
2054-380-386
2055-401-407
2056-422-428
2057-444-450
2058-465-471
2059-487-493
2060-509-515
2061-531-538
2062-554-561
2063-577-585
2064-601-608
2065-625-633
2066-649-657
2067-674-682
2068-699-707
2069-724-732
2070-749-758
2071-776-785
2072-802-812
2073-830-839
2074-857-867
2075-885-895
2076-914-925
2077-944-955
2078-975-986
2079-1007-1017
2080-1039-1050
2081-1072-1083
2082-1106-1117
2083-1139-1151
2084-1173-1185
2085-1207-1219
2086-1242-1254
2087-1275-1288
2088-1309-1321
2089-1342-1355
2090-1375-1388
2091-1407-1420
2092-1439-1452
2093-1471-1484
2094-1503-1516
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