Proposed Provision: B7.3. 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 SSA average wage index (about $27,821 in 2020). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2021. The 5 years are chosen to yield the largest increase in AIME.

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

Year Current Law Provision
2020261261
2021248248
2022233233
2023217216
2024200199
2025183182
2026165164
2027148146
2028130128
2029112109
20309491
20317672
20325854
20333934
20342015
20351-5
2036-19-25
2037-38-46
2038-59-67
2039-80-89
2040-101-111
2041-122-133
2042-144-156
2043-166-179
2044-188-202
2045-210-225
2046-232-249
2047-255-272
2048-277-296
2049-299-319
2050-322-343
2051-344-367
2052-367-390
2053-389-414
2054-412-438
2055-434-462
2056-457-487
2057-480-511
2058-504-536
2059-527-561
2060-551-586
2061-575-611
2062-599-637
2063-624-664
2064-650-691
2065-676-718
2066-702-746
2067-728-773
2068-755-802
2069-782-830
2070-809-859
2071-837-889
2072-866-919
2073-895-950
2074-925-981
2075-955-1013
2076-986-1046
2077-1018-1079
2078-1051-1113
2079-1084-1149
2080-1119-1185
2081-1154-1222
2082-1190-1260
2083-1226-1298
2084-1263-1337
2085-1300-1376
2086-1337-1415
2087-1374-1454
2088-1411-1493
2089-1448-1532
2090-1484-1570
2091-1520-1607
2092-1554-1644
2093-1589-1681
2094-1623-1716
2095-1657-1752
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