Proposed Provision: B5.5. Beginning for those newly eligible in 2025, reconfigure the special minimum benefit: (a) A year of coverage is defined as a year in which either 20 percent of the "old law maximum" is earned or a child is in care. Childcare years are granted to parents who have a child under 6, with a limit of 8 such years. (b) At implementation, set the PIA for 30 years of coverage equal to 133 percent of the Census monthly poverty level (about $1,556 in 2022). For those with under 30 years of coverage, the PIA per year of coverage over 19 years is $1,556/11 = $141.40. (c) Index the initial PIA per year of coverage by wage growth for successive cohorts. (d) Scale work requirements for disabled workers, based on the number of years of non-disabled potential work.

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

Year Current Law Provision
2023204204
2024187187
2025168168
2026149149
2027131131
2028114114
20299696
20307878
20316060
20324343
20332525
203477
2035-12-12
2036-31-31
2037-51-51
2038-70-71
2039-91-91
2040-112-112
2041-133-133
2042-154-155
2043-176-176
2044-198-198
2045-220-221
2046-243-243
2047-265-265
2048-288-288
2049-311-311
2050-333-334
2051-357-357
2052-380-380
2053-403-404
2054-427-427
2055-450-451
2056-474-474
2057-498-498
2058-522-523
2059-547-547
2060-572-572
2061-597-598
2062-623-624
2063-650-651
2064-677-678
2065-705-706
2066-733-734
2067-762-763
2068-791-792
2069-820-821
2070-850-851
2071-880-881
2072-911-912
2073-942-943
2074-974-975
2075-1006-1007
2076-1039-1041
2077-1074-1075
2078-1108-1110
2079-1144-1145
2080-1181-1182
2081-1218-1219
2082-1256-1257
2083-1294-1296
2084-1333-1335
2085-1373-1374
2086-1413-1414
2087-1453-1455
2088-1494-1495
2089-1534-1535
2090-1574-1575
2091-1613-1614
2092-1651-1653
2093-1689-1691
2094-1726-1728
2095-1762-1764
2096-1798-1800
2097-1833-1835
2098-1868-1870
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