Proposed Provision: B5.1. Increase the PIA to a level such that a worker with 30 years of earnings at the minimum wage level receives an adjusted PIA equal to 120 percent of the Federal poverty level for an aged individual. This provision takes full effect for all newly eligible OASDI workers in 2038, and is phased in for new eligibles in 2029 through 2037. The percentage increase in PIA is lowered proportionately for those with fewer than 30 years of earnings, down to no enhancement for workers with 20 or fewer years of earnings. (Year-of-work requirements are "scaled" for disabled workers based on their years of potential work from age 22 to benefit eligibility). The benefit enhancement percentage is reduced proportionately for workers with higher average indexed monthly earnings (AIME), down to no enhancement for those with AIME at least twice that of a 35-year steady minimum wage earner.

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
20325858
20333939
20342020
203511
2036-19-19
2037-38-39
2038-59-59
2039-80-80
2040-101-101
2041-122-122
2042-144-144
2043-166-166
2044-188-188
2045-210-211
2046-232-233
2047-255-256
2048-277-278
2049-299-300
2050-322-323
2051-344-345
2052-367-368
2053-389-390
2054-412-413
2055-434-436
2056-457-459
2057-480-482
2058-504-506
2059-527-529
2060-551-553
2061-575-577
2062-599-602
2063-624-627
2064-650-652
2065-676-678
2066-702-704
2067-728-731
2068-755-758
2069-782-785
2070-809-813
2071-837-841
2072-866-870
2073-895-899
2074-925-928
2075-955-959
2076-986-990
2077-1018-1022
2078-1051-1054
2079-1084-1088
2080-1119-1123
2081-1154-1158
2082-1190-1194
2083-1226-1230
2084-1263-1267
2085-1300-1304
2086-1337-1341
2087-1374-1378
2088-1411-1415
2089-1448-1452
2090-1484-1488
2091-1520-1524
2092-1554-1559
2093-1589-1593
2094-1623-1627
2095-1657-1661
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