Proposed Provision: B5.11. Beginning for those newly eligible in 2020, 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) For beneficiaries becoming newly eligible in 2020, set the initial special minimum benefit for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for 2019. For beneficiaries becoming newly eligible after 2020, the initial special minimum benefit is indexed by the AWI. 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
2024197196
2025180180
2026163163
2027147146
2028130129
2029114112
20309796
20318079
20326361
20334643
20342825
2035107
2036-9-12
2037-28-32
2038-47-52
2039-67-72
2040-87-93
2041-108-114
2042-129-135
2043-150-156
2044-171-178
2045-192-199
2046-213-221
2047-234-242
2048-255-264
2049-276-286
2050-297-307
2051-318-329
2052-338-350
2053-359-372
2054-380-394
2055-401-415
2056-422-437
2057-444-459
2058-465-481
2059-487-504
2060-509-527
2061-531-550
2062-554-574
2063-577-598
2064-601-622
2065-625-647
2066-649-672
2067-674-698
2068-699-723
2069-724-750
2070-749-776
2071-776-803
2072-802-831
2073-830-859
2074-857-888
2075-885-917
2076-914-947
2077-944-978
2078-975-1009
2079-1007-1042
2080-1039-1076
2081-1072-1110
2082-1106-1144
2083-1139-1179
2084-1173-1214
2085-1207-1250
2086-1242-1285
2087-1275-1320
2088-1309-1355
2089-1342-1389
2090-1375-1423
2091-1407-1456
2092-1439-1489
2093-1471-1522
2094-1503-1555
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