Proposed Provision: B5.11. 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) For beneficiaries becoming newly eligible in 2023, set the initial special minimum benefit for 30+ YOWs equal to 100 percent of the monthly HHS poverty level for 2022. For beneficiaries becoming newly eligible after 2023, 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
2022230230
2023211211
2024194194
2025177177
2026160160
2027143142
2028126125
2029109108
20309191
20317473
20325756
20333938
20342120
203532
2036-16-17
2037-35-37
2038-54-57
2039-74-77
2040-95-98
2041-116-119
2042-137-140
2043-158-162
2044-180-184
2045-202-206
2046-224-229
2047-246-251
2048-268-274
2049-291-297
2050-313-320
2051-336-344
2052-359-367
2053-383-391
2054-406-415
2055-430-439
2056-453-463
2057-477-487
2058-501-512
2059-525-537
2060-550-562
2061-575-588
2062-601-614
2063-627-641
2064-654-668
2065-681-696
2066-708-724
2067-736-752
2068-764-781
2069-792-810
2070-821-840
2071-850-870
2072-880-900
2073-910-931
2074-940-962
2075-971-993
2076-1003-1026
2077-1036-1059
2078-1069-1094
2079-1104-1129
2080-1139-1165
2081-1175-1202
2082-1212-1239
2083-1249-1277
2084-1286-1316
2085-1324-1355
2086-1363-1395
2087-1402-1435
2088-1442-1475
2089-1481-1515
2090-1520-1555
2091-1558-1594
2092-1595-1632
2093-1632-1670
2094-1668-1707
2095-1703-1743
2096-1738-1779
2097-1773-1814
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