Proposed Provision: B7.3. 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 $27,038 in 2019). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2020. The 5 years are chosen to yield the largest increase in AIME.

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

Year Current Law Provision
2019273273
2020260260
2021245245
2022229229
2023213213
2024197196
2025180179
2026163162
2027147145
2028130128
2029114111
20309793
20318076
20326358
20334640
20342822
2035102
2036-9-17
2037-28-37
2038-47-57
2039-67-78
2040-87-99
2041-108-121
2042-129-143
2043-150-165
2044-171-187
2045-192-209
2046-213-231
2047-234-254
2048-255-276
2049-276-298
2050-297-320
2051-318-343
2052-338-365
2053-359-387
2054-380-410
2055-401-432
2056-422-455
2057-444-478
2058-465-500
2059-487-524
2060-509-547
2061-531-571
2062-554-595
2063-577-620
2064-601-645
2065-625-671
2066-649-697
2067-674-723
2068-699-750
2069-724-777
2070-749-804
2071-776-832
2072-802-860
2073-830-889
2074-857-918
2075-885-948
2076-914-979
2077-944-1011
2078-975-1043
2079-1007-1077
2080-1039-1112
2081-1072-1146
2082-1106-1182
2083-1139-1218
2084-1173-1254
2085-1207-1290
2086-1242-1326
2087-1275-1362
2088-1309-1398
2089-1342-1433
2090-1375-1468
2091-1407-1502
2092-1439-1536
2093-1471-1570
2094-1503-1604
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