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 |
2019 | 273 | 273 |
2020 | 260 | 260 |
2021 | 245 | 245 |
2022 | 229 | 229 |
2023 | 213 | 213 |
2024 | 197 | 196 |
2025 | 180 | 179 |
2026 | 163 | 162 |
2027 | 147 | 145 |
2028 | 130 | 128 |
2029 | 114 | 111 |
2030 | 97 | 93 |
2031 | 80 | 76 |
2032 | 63 | 58 |
2033 | 46 | 40 |
2034 | 28 | 22 |
2035 | 10 | 2 |
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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