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 2022 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
2020261261
2021248248
2022233232
2023217216
2024200199
2025183181
2026165163
2027148146
2028130128
2029112110
20309491
20317673
20325855
20333936
20342017
20351-3
2036-19-22
2037-38-43
2038-59-63
2039-80-84
2040-101-106
2041-122-127
2042-144-149
2043-166-171
2044-188-194
2045-210-216
2046-232-239
2047-255-262
2048-277-284
2049-299-307
2050-322-330
2051-344-352
2052-367-375
2053-389-398
2054-412-421
2055-434-444
2056-457-467
2057-480-490
2058-504-514
2059-527-538
2060-551-562
2061-575-586
2062-599-611
2063-624-636
2064-650-662
2065-676-688
2066-702-714
2067-728-741
2068-755-768
2069-782-796
2070-809-823
2071-837-852
2072-866-881
2073-895-910
2074-925-940
2075-955-971
2076-986-1002
2077-1018-1034
2078-1051-1067
2079-1084-1101
2080-1119-1136
2081-1154-1171
2082-1190-1208
2083-1226-1244
2084-1263-1281
2085-1300-1319
2086-1337-1356
2087-1374-1394
2088-1411-1431
2089-1448-1469
2090-1484-1505
2091-1520-1541
2092-1554-1576
2093-1589-1611
2094-1623-1645
2095-1657-1679
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