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 $23,145 in 2014). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2016. 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 |
2015 | 308 | 308 |
2016 | 298 | 297 |
2017 | 280 | 280 |
2018 | 264 | 263 |
2019 | 248 | 247 |
2020 | 233 | 232 |
2021 | 219 | 216 |
2022 | 204 | 201 |
2023 | 189 | 185 |
2024 | 173 | 169 |
2025 | 157 | 153 |
2026 | 142 | 137 |
2027 | 126 | 120 |
2028 | 110 | 103 |
2029 | 94 | 86 |
2030 | 77 | 69 |
2031 | 60 | 50 |
2032 | 42 | 31 |
2033 | 23 | 12 |
2034 | 4 | -9 |
2035 | -16 | -30 |
2036 | -36 | -51 |
2037 | -57 | -73 |
2038 | -78 | -95 |
2039 | -100 | -118 |
2040 | -122 | -141 |
2041 | -144 | -164 |
2042 | -166 | -188 |
2043 | -189 | -212 |
2044 | -211 | -236 |
2045 | -234 | -260 |
2046 | -257 | -284 |
2047 | -280 | -309 |
2048 | -303 | -334 |
2049 | -327 | -359 |
2050 | -351 | -384 |
2051 | -375 | -410 |
2052 | -398 | -435 |
2053 | -423 | -461 |
2054 | -447 | -487 |
2055 | -472 | -513 |
2056 | -496 | -540 |
2057 | -522 | -567 |
2058 | -548 | -595 |
2059 | -574 | -623 |
2060 | -601 | -651 |
2061 | -629 | -681 |
2062 | -657 | -711 |
2063 | -685 | -741 |
2064 | -714 | -772 |
2065 | -744 | -803 |
2066 | -774 | -835 |
2067 | -804 | -867 |
2068 | -835 | -900 |
2069 | -867 | -934 |
2070 | -899 | -968 |
2071 | -932 | -1003 |
2072 | -965 | -1038 |
2073 | -1000 | -1075 |
2074 | -1035 | -1113 |
2075 | -1072 | -1151 |
2076 | -1110 | -1191 |
2077 | -1148 | -1232 |
2078 | -1188 | -1274 |
2079 | -1228 | -1317 |
2080 | -1268 | -1360 |
2081 | -1309 | -1403 |
2082 | -1350 | -1446 |
2083 | -1391 | -1489 |
2084 | -1432 | -1533 |
2085 | -1472 | -1576 |
2086 | -1514 | -1619 |
2087 | -1555 | -1663 |
2088 | -1597 | -1708 |
2089 | -1640 | -1753 |
2090 | -1683 | -1799 |
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