Detailed Single Year Tables

Description of 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 $22,564 in 2013). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2015. The 5 years are chosen to yield the largest increase in AIME.

			Financial Estimates for the OASDI Trust Fund Program

	Proposal				Change from Present Law
	Expressed as a percentage of present-law taxable payroll			Trust fund ratio as of January 1	Expressed as a percentage of present-law taxable payroll
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	Cost rate	Income rate	Annual balance
2014	13.95	12.67	-1.29	320	0.00	0.00	0.00
2015	13.97	12.92	-1.05	306	0.01	0.00	0.00
2016	13.99	12.89	-1.10	292	0.02	0.00	-0.02
2017	14.01	12.91	-1.10	276	0.03	0.00	-0.03
2018	14.07	12.93	-1.13	261	0.05	0.00	-0.05
2019	14.21	12.95	-1.27	246	0.07	0.00	-0.06
2020	14.41	12.96	-1.45	231	0.08	0.00	-0.08
2021	14.60	12.98	-1.62	215	0.10	0.00	-0.10
2022	14.85	13.01	-1.84	200	0.12	0.00	-0.11
2023	15.13	13.04	-2.10	183	0.13	0.00	-0.13
2024	15.42	13.06	-2.36	166	0.14	0.01	-0.14
2025	15.70	13.08	-2.62	148	0.16	0.01	-0.15
2026	15.96	13.09	-2.87	130	0.17	0.01	-0.17
2027	16.21	13.11	-3.10	112	0.18	0.01	-0.18
2028	16.44	13.13	-3.31	93	0.20	0.01	-0.19
2029	16.65	13.14	-3.50	73	0.21	0.01	-0.20
2030	16.82	13.15	-3.67	53	0.22	0.01	-0.21
2031	16.98	13.17	-3.81	32	0.23	0.01	-0.22
2032	17.11	13.18	-3.93	10	0.24	0.01	-0.23
2033	17.20	13.18	-4.02	----	0.25	0.01	-0.24
2034	17.29	13.19	-4.10	----	0.26	0.01	-0.25
2035	17.36	13.20	-4.16	----	0.27	0.01	-0.26
2036	17.40	13.20	-4.20	----	0.27	0.01	-0.26
2037	17.42	13.21	-4.22	----	0.28	0.01	-0.27
2038	17.42	13.21	-4.22	----	0.29	0.01	-0.27
2039	17.41	13.21	-4.20	----	0.29	0.01	-0.28
2040	17.38	13.21	-4.17	----	0.30	0.01	-0.28
2041	17.35	13.21	-4.14	----	0.30	0.01	-0.29
2042	17.32	13.21	-4.11	----	0.30	0.01	-0.29
2043	17.29	13.21	-4.08	----	0.31	0.01	-0.30
2044	17.27	13.21	-4.06	----	0.31	0.01	-0.30
2045	17.26	13.21	-4.05	----	0.32	0.01	-0.30
2046	17.25	13.21	-4.04	----	0.32	0.01	-0.31
2047	17.24	13.21	-4.03	----	0.32	0.01	-0.31
2048	17.23	13.21	-4.02	----	0.33	0.01	-0.31
2049	17.22	13.21	-4.01	----	0.33	0.01	-0.31
2050	17.22	13.22	-4.01	----	0.33	0.01	-0.32
2051	17.23	13.22	-4.01	----	0.33	0.01	-0.32
2052	17.25	13.22	-4.03	----	0.34	0.01	-0.32
2053	17.28	13.22	-4.06	----	0.34	0.01	-0.33
2054	17.32	13.22	-4.09	----	0.34	0.01	-0.33
2055	17.36	13.23	-4.13	----	0.35	0.02	-0.33
2056	17.41	13.23	-4.18	----	0.35	0.02	-0.33
2057	17.46	13.24	-4.23	----	0.35	0.02	-0.34
2058	17.51	13.24	-4.28	----	0.35	0.02	-0.34
2059	17.57	13.24	-4.32	----	0.36	0.02	-0.34
2060	17.62	13.25	-4.37	----	0.36	0.02	-0.34
2061	17.67	13.25	-4.42	----	0.36	0.02	-0.34
2062	17.72	13.25	-4.46	----	0.36	0.02	-0.35
2063	17.76	13.26	-4.51	----	0.36	0.02	-0.35
2064	17.81	13.26	-4.55	----	0.36	0.02	-0.35
2065	17.86	13.26	-4.60	----	0.37	0.02	-0.35
2066	17.91	13.27	-4.65	----	0.37	0.02	-0.35
2067	17.96	13.27	-4.70	----	0.37	0.02	-0.35
2068	18.01	13.27	-4.74	----	0.37	0.02	-0.35
2069	18.06	13.28	-4.79	----	0.37	0.02	-0.35
2070	18.11	13.28	-4.83	----	0.37	0.02	-0.35
2071	18.15	13.28	-4.87	----	0.37	0.02	-0.35
2072	18.19	13.28	-4.91	----	0.37	0.02	-0.35
2073	18.22	13.29	-4.93	----	0.37	0.02	-0.36
2074	18.24	13.29	-4.95	----	0.37	0.02	-0.36
2075	18.25	13.29	-4.97	----	0.37	0.02	-0.36
2076	18.26	13.29	-4.97	----	0.37	0.02	-0.36
2077	18.27	13.29	-4.98	----	0.37	0.02	-0.36
2078	18.27	13.29	-4.98	----	0.37	0.02	-0.36
2079	18.27	13.29	-4.98	----	0.37	0.02	-0.36
2080	18.27	13.29	-4.98	----	0.37	0.02	-0.36
2081	18.29	13.29	-5.00	----	0.37	0.02	-0.36
2082	18.31	13.29	-5.02	----	0.37	0.02	-0.36
2083	18.34	13.29	-5.04	----	0.37	0.02	-0.36
2084	18.37	13.30	-5.08	----	0.37	0.02	-0.36
2085	18.42	13.30	-5.12	----	0.37	0.02	-0.36
2086	18.46	13.30	-5.16	----	0.37	0.02	-0.36
2087	18.51	13.30	-5.21	----	0.38	0.02	-0.36
2088	18.57	13.31	-5.26	----	0.38	0.02	-0.36
2089	18.62	13.31	-5.31	----	0.38	0.02	-0.36

				Summarized Estimates

	Proposal				Change from Present Law
Years	Cost rate	Income rate	Actuarial balance	Year of reserve depletion¹	Cost rate	Income rate	Actuarial balance

Based on Intermediate Assumptions of the 2014 Trustees Report.
2014-2088	17.04%	13.90%	-3.14%	2032	0.27%	0.01%	-0.26%

¹ Under present law, the year of Trust Fund reserve depletion is 2033.


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates