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 2039, and is phased in for new eligibles in 2030 through 2038. 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
2021253253
2022231231
2023214214
2024196196
2025178178
2026159159
2027141141
2028122122
2029104104
20308585
20316666
20324646
20332727
203477
2035-13-13
2036-33-33
2037-54-54
2038-76-76
2039-97-98
2040-119-120
2041-142-142
2042-165-165
2043-188-188
2044-211-211
2045-235-235
2046-258-259
2047-282-283
2048-306-306
2049-330-331
2050-354-355
2051-378-379
2052-403-404
2053-427-428
2054-452-453
2055-477-478
2056-502-503
2057-527-528
2058-552-554
2059-578-579
2060-604-605
2061-630-631
2062-657-658
2063-684-686
2064-712-713
2065-740-741
2066-768-770
2067-796-798
2068-825-827
2069-855-857
2070-884-886
2071-914-916
2072-945-947
2073-976-978
2074-1007-1009
2075-1039-1041
2076-1071-1074
2077-1105-1107
2078-1139-1142
2079-1175-1177
2080-1211-1214
2081-1248-1251
2082-1286-1288
2083-1324-1327
2084-1363-1366
2085-1403-1405
2086-1443-1445
2087-1483-1486
2088-1524-1527
2089-1564-1567
2090-1604-1607
2091-1643-1646
2092-1681-1684
2093-1718-1720
2094-1754-1757
2095-1789-1792
2096-1825-1828
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