Proposed Provision: B4.4. Reduce the number of computation years (increase dropout years) for parents having a child in care under the age of 6. The parent must have no earnings (covered or non-covered) for the year to be eligible for the credit. Only one parent can claim the childcare added dropout year for a given earnings year. Each parent can earn at most 2 dropout years per child, and a maximum of 5 dropout years in total. The years designated as childcare years do not have to be the years that could otherwise be included in the computation of the average indexed monthly earnings (AIME). The provision would be effective for all benefits payable for entitlement in January 2021 and later (without regard for when the beneficiary became initially eligible).

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

Year Current Law Provision
2019273273
2020260260
2021245244
2022229228
2023213212
2024197195
2025180179
2026163162
2027147145
2028130128
2029114111
20309795
20318077
20326360
20334643
20342824
2035106
2036-9-13
2037-28-32
2038-47-52
2039-67-72
2040-87-93
2041-108-113
2042-129-134
2043-150-156
2044-171-177
2045-192-198
2046-213-220
2047-234-241
2048-255-262
2049-276-283
2050-297-305
2051-318-326
2052-338-347
2053-359-368
2054-380-389
2055-401-411
2056-422-432
2057-444-454
2058-465-475
2059-487-497
2060-509-520
2061-531-542
2062-554-565
2063-577-589
2064-601-613
2065-625-637
2066-649-662
2067-674-686
2068-699-712
2069-724-737
2070-749-763
2071-776-790
2072-802-817
2073-830-844
2074-857-872
2075-885-901
2076-914-930
2077-944-960
2078-975-991
2079-1007-1023
2080-1039-1056
2081-1072-1090
2082-1106-1123
2083-1139-1157
2084-1173-1192
2085-1207-1226
2086-1242-1261
2087-1275-1295
2088-1309-1329
2089-1342-1363
2090-1375-1396
2091-1407-1428
2092-1439-1461
2093-1471-1493
2094-1503-1525
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