Proposed Provision: B5.2. Beginning for those newly eligible in 2024, 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 $1,416 in 2022). For those with under 30 years of coverage, the PIA per year of coverage over 10 years is $1,416/20 = $70.80. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114113
20299695
20307878
20316060
20324342
20332524
203475
2035-12-14
2036-31-33
2037-51-53
2038-70-73
2039-91-94
2040-112-116
2041-133-137
2042-154-159
2043-176-181
2044-198-204
2045-220-227
2046-243-250
2047-265-273
2048-288-296
2049-311-319
2050-333-343
2051-357-367
2052-380-391
2053-403-415
2054-427-439
2055-450-463
2056-474-488
2057-498-513
2058-522-538
2059-547-563
2060-572-589
2061-597-615
2062-623-643
2063-650-670
2064-677-698
2065-705-727
2066-733-756
2067-762-786
2068-791-816
2069-820-846
2070-850-877
2071-880-909
2072-911-940
2073-942-973
2074-974-1005
2075-1006-1039
2076-1039-1073
2077-1074-1108
2078-1108-1145
2079-1144-1182
2080-1181-1220
2081-1218-1258
2082-1256-1297
2083-1294-1337
2084-1333-1378
2085-1373-1418
2086-1413-1460
2087-1453-1502
2088-1494-1543
2089-1534-1585
2090-1574-1626
2091-1613-1667
2092-1651-1707
2093-1689-1746
2094-1726-1785
2095-1762-1823
2096-1798-1860
2097-1833-1897
2098-1868-1933
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