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 $31,292 in 2022). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2023. 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
2022230230
2023211211
2024194194
2025177177
2026160159
2027143142
2028126125
2029109107
20309190
20317472
20325754
20333936
20342118
20353-1
2036-16-21
2037-35-40
2038-54-61
2039-74-82
2040-95-103
2041-116-125
2042-137-147
2043-158-169
2044-180-191
2045-202-214
2046-224-237
2047-246-260
2048-268-284
2049-291-308
2050-313-331
2051-336-355
2052-359-380
2053-383-404
2054-406-429
2055-430-453
2056-453-478
2057-477-503
2058-501-529
2059-525-554
2060-550-580
2061-575-607
2062-601-634
2063-627-661
2064-654-689
2065-681-718
2066-708-747
2067-736-776
2068-764-805
2069-792-835
2070-821-865
2071-850-896
2072-880-927
2073-910-958
2074-940-990
2075-971-1023
2076-1003-1056
2077-1036-1090
2078-1069-1126
2079-1104-1162
2080-1139-1199
2081-1175-1236
2082-1212-1275
2083-1249-1313
2084-1286-1353
2085-1324-1393
2086-1363-1434
2087-1402-1475
2088-1442-1516
2089-1481-1557
2090-1520-1598
2091-1558-1638
2092-1595-1677
2093-1632-1716
2094-1668-1754
2095-1703-1791
2096-1738-1828
2097-1773-1864
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