Proposed Provision: B5.7. Beginning for those newly eligible in 2023, 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 |
2020 | 261 | 261 |
2021 | 248 | 248 |
2022 | 233 | 233 |
2023 | 217 | 217 |
2024 | 200 | 200 |
2025 | 183 | 183 |
2026 | 165 | 165 |
2027 | 148 | 148 |
2028 | 130 | 130 |
2029 | 112 | 112 |
2030 | 94 | 93 |
2031 | 76 | 75 |
2032 | 58 | 57 |
2033 | 39 | 38 |
2034 | 20 | 19 |
2035 | 1 | 0 |
2036 | -19 | -20 |
2037 | -38 | -40 |
2038 | -59 | -60 |
2039 | -80 | -81 |
2040 | -101 | -102 |
2041 | -122 | -124 |
2042 | -144 | -146 |
2043 | -166 | -168 |
2044 | -188 | -190 |
2045 | -210 | -213 |
2046 | -232 | -235 |
2047 | -255 | -258 |
2048 | -277 | -280 |
2049 | -299 | -303 |
2050 | -322 | -326 |
2051 | -344 | -348 |
2052 | -367 | -371 |
2053 | -389 | -394 |
2054 | -412 | -417 |
2055 | -434 | -440 |
2056 | -457 | -463 |
2057 | -480 | -486 |
2058 | -504 | -510 |
2059 | -527 | -533 |
2060 | -551 | -557 |
2061 | -575 | -582 |
2062 | -599 | -606 |
2063 | -624 | -632 |
2064 | -650 | -657 |
2065 | -676 | -683 |
2066 | -702 | -710 |
2067 | -728 | -736 |
2068 | -755 | -763 |
2069 | -782 | -791 |
2070 | -809 | -818 |
2071 | -837 | -847 |
2072 | -866 | -875 |
2073 | -895 | -905 |
2074 | -925 | -935 |
2075 | -955 | -965 |
2076 | -986 | -996 |
2077 | -1018 | -1028 |
2078 | -1051 | -1061 |
2079 | -1084 | -1095 |
2080 | -1119 | -1130 |
2081 | -1154 | -1165 |
2082 | -1190 | -1201 |
2083 | -1226 | -1238 |
2084 | -1263 | -1275 |
2085 | -1300 | -1312 |
2086 | -1337 | -1349 |
2087 | -1374 | -1387 |
2088 | -1411 | -1424 |
2089 | -1448 | -1461 |
2090 | -1484 | -1497 |
2091 | -1520 | -1533 |
2092 | -1554 | -1568 |
2093 | -1589 | -1603 |
2094 | -1623 | -1637 |
2095 | -1657 | -1671 |
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