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 $21,858 in 2012). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2014. The 5 years are chosen to yield the largest increase in AIME.

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

Year Present Law Provision
2013330330
2014315315
2015301300
2016286285
2017271270
2018257256
2019244242
2020231228
2021218214
2022204199
2023189184
2024173168
2025158152
2026142135
2027125117
202810899
20299080
20307161
20315240
20323119
203311-3
2034-11-25
2035-32-48
2036-55-71
2037-78-95
2038-101-120
2039-124-144
2040-148-169
2041-172-195
2042-196-220
2043-220-246
2044-245-272
2045-269-298
2046-294-324
2047-319-351
2048-345-378
2049-371-405
2050-397-433
2051-423-461
2052-449-489
2053-476-517
2054-502-545
2055-530-574
2056-557-603
2057-585-633
2058-613-663
2059-642-693
2060-671-725
2061-701-756
2062-732-789
2063-763-822
2064-794-855
2065-826-889
2066-859-923
2067-892-958
2068-925-993
2069-959-1029
2070-993-1066
2071-1028-1103
2072-1064-1141
2073-1101-1180
2074-1139-1220
2075-1178-1261
2076-1217-1303
2077-1258-1346
2078-1299-1389
2079-1340-1433
2080-1382-1477
2081-1424-1522
2082-1466-1566
2083-1508-1610
2084-1550-1655
2085-1592-1699
2086-1635-1744
2087-1678-1790
2088-1722-1836
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