Proposed Provision: Give credit to parents with a child under 6 for earnings for up to five years. The earnings credited for a childcare year equal one half of the Social Security average-wage index (about $20,922 in 2010). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2012. The 5 years are chosen to yield the largest increase in AIME.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201112.512.513.313.3
201212.912.913.213.2
201312.912.913.213.2
201412.912.913.213.2
201512.912.913.213.3
201613.013.013.313.4
201713.013.013.513.5
201813.013.013.613.7
201913.013.013.914.0
202013.113.114.214.3
202113.113.114.514.6
202213.113.114.815.0
202313.113.115.115.3
202413.113.115.415.6
202513.113.215.715.8
202613.213.215.916.1
202713.213.216.116.3
202813.213.216.316.5
202913.213.216.516.7
203013.213.216.716.9
203113.213.216.817.0
203213.213.216.917.1
203313.213.216.917.2
203413.213.217.017.2
203513.213.317.017.3
203613.213.317.017.3
203713.213.317.017.3
203813.213.317.017.3
203913.213.317.017.3
204013.213.317.017.2
204113.213.316.917.2
204213.213.316.917.2
204313.213.316.817.1
204413.213.316.817.1
204513.213.316.817.1
204613.213.316.817.1
204713.213.316.717.0
204813.213.316.717.0
204913.213.316.717.0
205013.213.316.717.0
205113.213.316.717.0
205213.213.316.717.0
205313.213.316.717.0
205413.213.316.717.0
205513.313.316.717.1
205613.313.316.717.1
205713.313.316.817.1
205813.313.316.817.1
205913.313.316.817.2
206013.313.316.817.2
206113.313.316.817.2
206213.313.316.817.2
206313.313.316.817.2
206413.313.316.817.2
206513.313.316.917.2
206613.313.316.917.3
206713.313.316.917.3
206813.313.316.917.3
206913.313.317.017.3
207013.313.317.017.4
207113.313.317.017.4
207213.313.317.117.4
207313.313.317.117.5
207413.313.317.117.5
207513.313.317.217.6
207613.313.317.217.6
207713.313.317.217.6
207813.313.317.317.7
207913.313.317.317.7
208013.313.317.417.7
208113.313.317.417.8
208213.313.317.417.8
208313.313.317.517.9
208413.313.317.517.9
208513.313.317.617.9
208613.313.317.618.0
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