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 |
2013 | 330 | 330 |
2014 | 315 | 315 |
2015 | 301 | 300 |
2016 | 286 | 285 |
2017 | 271 | 270 |
2018 | 257 | 256 |
2019 | 244 | 242 |
2020 | 231 | 228 |
2021 | 218 | 214 |
2022 | 204 | 199 |
2023 | 189 | 184 |
2024 | 173 | 168 |
2025 | 158 | 152 |
2026 | 142 | 135 |
2027 | 125 | 117 |
2028 | 108 | 99 |
2029 | 90 | 80 |
2030 | 71 | 61 |
2031 | 52 | 40 |
2032 | 31 | 19 |
2033 | 11 | -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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