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Detailed Single Year Tables
Level of Monthly Benefits

Description of 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 SSA average wage index (about $21,505 in 2011). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2013. The 5 years are chosen to yield the largest increase in AIME.

 

Financial Estimates for the OASDI Trust Fund Program
 
  Proposal
   Change from Present Law
  Expressed as a percentage of
present-law taxable payroll

 Trust fund
ratio as of
January 1		 Expressed as a percentage of
present-law taxable payroll
Calendar
year		 Cost
rate		 Income
rate		 Annual
balance
Cost
rate		 Income
rate		 Annual
balance
201213.8312.89-0.93
340
0.000.000.00
201313.9612.83-1.12
329
0.000.000.00
201414.0012.93-1.07
315
0.020.00-0.02
201514.0012.95-1.04
301
0.030.00-0.03
201613.9812.98-1.00
288
0.050.00-0.04
201713.9713.01-0.96
276
0.060.00-0.06
201814.0413.04-1.00
263
0.070.00-0.07
201914.2213.06-1.17
250
0.090.00-0.08
202014.4813.08-1.40
237
0.100.00-0.10
202114.7713.11-1.66
222
0.110.00-0.11
202215.1013.13-1.97
207
0.130.01-0.12
202315.4313.15-2.28
191
0.140.01-0.13
202415.7513.17-2.58
174
0.150.01-0.14
202516.0413.19-2.86
157
0.160.01-0.16
202616.3313.20-3.12
139
0.170.01-0.17
202716.6013.22-3.38
120
0.180.01-0.18
202816.8313.23-3.60
100
0.190.01-0.19
202917.0413.25-3.79
80
0.200.01-0.20
203017.2213.26-3.96
58
0.210.01-0.20
203117.3713.27-4.10
36
0.220.01-0.21
203217.4813.28-4.20
13
0.230.01-0.22
203317.5613.28-4.28
----
0.240.01-0.22
203417.6213.29-4.33
----
0.240.01-0.23
203517.6613.29-4.37
----
0.250.01-0.24
203617.6813.29-4.39
----
0.250.01-0.24
203717.6913.30-4.40
----
0.260.01-0.25
203817.6913.30-4.39
----
0.270.01-0.25
203917.6613.30-4.37
----
0.270.01-0.26
204017.6313.30-4.34
----
0.280.01-0.26
204117.6013.29-4.31
----
0.280.01-0.27
204217.5713.29-4.27
----
0.290.01-0.27
204317.5313.29-4.24
----
0.290.01-0.28
204417.5113.29-4.22
----
0.300.01-0.28
204517.4913.29-4.19
----
0.300.01-0.29
204617.4613.29-4.17
----
0.300.01-0.29
204717.4513.29-4.16
----
0.310.01-0.29
204817.4313.29-4.14
----
0.310.02-0.30
204917.4113.29-4.12
----
0.320.02-0.30
205017.4013.29-4.11
----
0.320.02-0.31
205117.4013.29-4.11
----
0.330.02-0.31
205217.4013.29-4.11
----
0.330.02-0.32
205317.4113.29-4.12
----
0.340.02-0.32
205417.4213.29-4.13
----
0.340.02-0.33
205517.4413.29-4.14
----
0.350.02-0.33
205617.4613.30-4.16
----
0.350.02-0.33
205717.4813.30-4.18
----
0.360.02-0.34
205817.5013.30-4.20
----
0.360.02-0.34
205917.5113.30-4.21
----
0.360.02-0.34
206017.5213.30-4.22
----
0.360.02-0.35
206117.5313.30-4.22
----
0.370.02-0.35
206217.5413.30-4.23
----
0.370.02-0.35
206317.5513.31-4.24
----
0.370.02-0.35
206417.5613.31-4.25
----
0.370.02-0.35
206517.5713.31-4.27
----
0.370.02-0.35
206617.5913.31-4.28
----
0.380.02-0.36
206717.6213.31-4.31
----
0.380.02-0.36
206817.6413.31-4.33
----
0.380.02-0.36
206917.6713.31-4.36
----
0.380.02-0.36
207017.7113.32-4.39
----
0.380.02-0.36
207117.7413.32-4.42
----
0.380.02-0.36
207217.7613.32-4.44
----
0.380.02-0.36
207317.7913.32-4.47
----
0.380.02-0.36
207417.8213.32-4.49
----
0.380.02-0.37
207517.8513.33-4.52
----
0.390.02-0.37
207617.8713.33-4.54
----
0.390.02-0.37
207717.9013.33-4.57
----
0.390.02-0.37
207817.9313.33-4.60
----
0.390.02-0.37
207917.9613.33-4.63
----
0.390.02-0.37
208017.9913.33-4.66
----
0.390.02-0.37
208118.0313.34-4.69
----
0.390.02-0.37
208218.0713.34-4.73
----
0.390.02-0.37
208318.1113.34-4.76
----
0.390.02-0.37
208418.1513.34-4.80
----
0.390.02-0.37
208518.1913.35-4.84
----
0.390.02-0.37
208618.2313.35-4.88
----
0.390.02-0.37
208718.2613.35-4.91
----
0.390.02-0.37



 

Summarized Estimates
 
  Proposal
   Change from Present Law
Years Cost
rate		 Income
rate		 Actuarial
balance
Year of reserve
depletion1
Cost
rate		 Income
rate		 Actuarial
balance
 
Based on Intermediate Assumptions of the 2012 Trustees Report.
2012-2086 16.94% 14.03% -2.91%
2032
0.26% 0.01% -0.25%
 
1 Under present law, the year of Trust Fund reserve depletion is 2033.

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Last reviewed or modified February 20, 2013