Proposed Provision: Give parents earnings credits for up to five years if they have a child under 6. The earnings credited for a childcare year would be such that the resulting earnings assigned to the parents would equal one half of the Social Security average-wage index -- about $21,542 in 2010. The credits would be available for all past years to newly eligible retired-worker and disabled-worker beneficiaries in 2011 and later. The 5 most advantageous years would be used if more than 5 childcare credit years are possible; that is, the 5 years that make the biggest difference in indexed earnings.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2010355355
2011353353
2012350350
2013346344
2014341339
2015335333
2016330326
2017324319
2018317312
2019309302
2020299292
2021289280
2022277268
2023264254
2024251239
2025237223
2026221207
2027205190
2028189172
2029171153
2030154134
2031136114
203211794
20339874
20347953
20355932
20363910
203719-12
2038-1-34
2039-21-56
2040-42-79
2041-63-102
2042-84-125
2043-105-148
2044-126-171
2045-147-194
2046-168-218
2047-189-241
2048-211-265
2049-233-289
2050-255-314
2051-277-338
2052-299-363
2053-321-388
2054-344-413
2055-366-438
2056-389-463
2057-412-489
2058-436-515
2059-460-542
2060-485-569
2061-509-597
2062-534-624
2063-560-653
2064-586-681
2065-612-710
2066-638-740
2067-665-769
2068-692-799
2069-720-830
2070-748-861
2071-776-892
2072-805-924
2073-834-956
2074-864-989
2075-894-1022
2076-925-1056
2077-957-1091
2078-989-1126
2079-1021-1161
2080-1054-1197
2081-1087-1234
2082-1121-1271
2083-1156-1309
2084-1191-1348
2085-1227-1387
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