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 2023 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
2021253253
2022231231
2023214213
2024196195
2025178177
2026159158
2027141139
2028122121
2029104102
20308583
20316663
20324644
20332724
203474
2035-13-16
2036-33-37
2037-54-58
2038-76-80
2039-97-102
2040-119-124
2041-142-146
2042-165-170
2043-188-193
2044-211-217
2045-235-240
2046-258-264
2047-282-288
2048-306-312
2049-330-337
2050-354-361
2051-378-386
2052-403-411
2053-427-435
2054-452-461
2055-477-486
2056-502-511
2057-527-536
2058-552-562
2059-578-588
2060-604-614
2061-630-640
2062-657-667
2063-684-695
2064-712-723
2065-740-751
2066-768-779
2067-796-808
2068-825-838
2069-855-867
2070-884-897
2071-914-927
2072-945-958
2073-976-989
2074-1007-1021
2075-1039-1053
2076-1071-1086
2077-1105-1120
2078-1139-1155
2079-1175-1190
2080-1211-1227
2081-1248-1264
2082-1286-1302
2083-1324-1341
2084-1363-1380
2085-1403-1420
2086-1443-1461
2087-1483-1501
2088-1524-1543
2089-1564-1584
2090-1604-1624
2091-1643-1663
2092-1681-1701
2093-1718-1738
2094-1754-1775
2095-1789-1811
2096-1825-1847
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