Proposed Provision: B5.4. Beginning for those newly eligible in 2027, 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 $1,301 in 2019). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,301/20 = $65.05. (c) From 2019 to the year of implementation, 2027, 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
2020261261
2021248248
2022233233
2023217217
2024200200
2025183183
2026165165
2027148148
2028130130
2029112112
20309494
20317676
20325857
20333938
20342020
203510
2036-19-20
2037-38-40
2038-59-60
2039-80-81
2040-101-103
2041-122-124
2042-144-146
2043-166-169
2044-188-191
2045-210-214
2046-232-237
2047-255-259
2048-277-282
2049-299-305
2050-322-328
2051-344-351
2052-367-374
2053-389-397
2054-412-420
2055-434-444
2056-457-467
2057-480-491
2058-504-515
2059-527-539
2060-551-563
2061-575-588
2062-599-613
2063-624-639
2064-650-665
2065-676-692
2066-702-718
2067-728-746
2068-755-773
2069-782-801
2070-809-829
2071-837-858
2072-866-888
2073-895-918
2074-925-948
2075-955-979
2076-986-1011
2077-1018-1044
2078-1051-1077
2079-1084-1112
2080-1119-1147
2081-1154-1184
2082-1190-1220
2083-1226-1258
2084-1263-1295
2085-1300-1333
2086-1337-1372
2087-1374-1410
2088-1411-1448
2089-1448-1486
2090-1484-1523
2091-1520-1560
2092-1554-1596
2093-1589-1631
2094-1623-1666
2095-1657-1701
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