Proposed Provision: 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 $21,505 in 2011). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2013. The 5 years are chosen to yield the largest increase in AIME.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
Year |
Present Law |
Provision |
2012 | 340 | 340 |
2013 | 329 | 329 |
2014 | 315 | 315 |
2015 | 302 | 301 |
2016 | 290 | 288 |
2017 | 277 | 276 |
2018 | 265 | 263 |
2019 | 253 | 250 |
2020 | 240 | 237 |
2021 | 227 | 222 |
2022 | 212 | 207 |
2023 | 197 | 191 |
2024 | 181 | 174 |
2025 | 164 | 157 |
2026 | 147 | 139 |
2027 | 129 | 120 |
2028 | 110 | 100 |
2029 | 90 | 80 |
2030 | 70 | 58 |
2031 | 49 | 36 |
2032 | 27 | 13 |
2033 | 5 | -10 |
2034 | -18 | -34 |
2035 | -41 | -58 |
2036 | -65 | -83 |
2037 | -89 | -108 |
2038 | -114 | -134 |
2039 | -138 | -160 |
2040 | -163 | -187 |
2041 | -189 | -213 |
2042 | -215 | -240 |
2043 | -240 | -268 |
2044 | -266 | -295 |
2045 | -292 | -323 |
2046 | -319 | -351 |
2047 | -346 | -379 |
2048 | -373 | -408 |
2049 | -400 | -437 |
2050 | -428 | -466 |
2051 | -456 | -496 |
2052 | -484 | -526 |
2053 | -512 | -556 |
2054 | -540 | -586 |
2055 | -569 | -616 |
2056 | -598 | -647 |
2057 | -628 | -679 |
2058 | -657 | -711 |
2059 | -688 | -743 |
2060 | -719 | -776 |
2061 | -750 | -810 |
2062 | -782 | -844 |
2063 | -814 | -878 |
2064 | -847 | -913 |
2065 | -880 | -948 |
2066 | -913 | -984 |
2067 | -946 | -1019 |
2068 | -980 | -1055 |
2069 | -1014 | -1092 |
2070 | -1049 | -1129 |
2071 | -1084 | -1166 |
2072 | -1120 | -1205 |
2073 | -1156 | -1243 |
2074 | -1193 | -1283 |
2075 | -1230 | -1323 |
2076 | -1268 | -1363 |
2077 | -1307 | -1405 |
2078 | -1346 | -1446 |
2079 | -1385 | -1488 |
2080 | -1425 | -1530 |
2081 | -1465 | -1573 |
2082 | -1505 | -1617 |
2083 | -1547 | -1661 |
2084 | -1588 | -1705 |
2085 | -1631 | -1750 |
2086 | -1673 | -1796 |
2087 | -1717 | -1842 |
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