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 $21,858 in 2012). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2014. 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
2013	13.95	12.69	-1.26	330	0.00	0.00	0.00
2014	14.04	12.83	-1.21	315	0.00	0.00	0.00
2015	13.99	12.86	-1.12	300	0.02	0.00	-0.02
2016	13.94	12.88	-1.06	285	0.03	0.00	-0.03
2017	13.93	12.90	-1.02	270	0.04	0.00	-0.04
2018	13.97	12.93	-1.04	256	0.06	0.00	-0.06
2019	14.13	12.95	-1.18	242	0.07	0.00	-0.07
2020	14.34	12.97	-1.37	228	0.09	0.00	-0.08
2021	14.54	13.00	-1.55	214	0.10	0.00	-0.10
2022	14.82	13.03	-1.79	199	0.11	0.00	-0.11
2023	15.09	13.05	-2.05	184	0.12	0.00	-0.12
2024	15.36	13.06	-2.30	168	0.13	0.01	-0.13
2025	15.62	13.08	-2.54	152	0.15	0.01	-0.14
2026	15.87	13.09	-2.77	135	0.16	0.01	-0.15
2027	16.09	13.10	-2.99	117	0.17	0.01	-0.16
2028	16.31	13.12	-3.19	99	0.18	0.01	-0.17
2029	16.51	13.13	-3.38	80	0.19	0.01	-0.18
2030	16.69	13.14	-3.55	61	0.19	0.01	-0.19
2031	16.84	13.15	-3.69	40	0.20	0.01	-0.19
2032	16.96	13.16	-3.81	19	0.21	0.01	-0.20
2033	17.08	13.16	-3.91	----	0.22	0.01	-0.21
2034	17.16	13.17	-3.99	----	0.23	0.01	-0.22
2035	17.21	13.17	-4.04	----	0.23	0.01	-0.22
2036	17.25	13.18	-4.07	----	0.24	0.01	-0.23
2037	17.27	13.18	-4.09	----	0.24	0.01	-0.23
2038	17.27	13.18	-4.09	----	0.25	0.01	-0.24
2039	17.25	13.18	-4.06	----	0.25	0.01	-0.24
2040	17.22	13.18	-4.04	----	0.26	0.01	-0.25
2041	17.19	13.18	-4.01	----	0.26	0.01	-0.25
2042	17.16	13.18	-3.98	----	0.27	0.01	-0.25
2043	17.13	13.18	-3.95	----	0.27	0.01	-0.26
2044	17.12	13.18	-3.93	----	0.27	0.01	-0.26
2045	17.10	13.18	-3.92	----	0.28	0.01	-0.26
2046	17.10	13.18	-3.92	----	0.28	0.01	-0.27
2047	17.09	13.18	-3.91	----	0.28	0.01	-0.27
2048	17.08	13.18	-3.89	----	0.28	0.01	-0.27
2049	17.07	13.18	-3.89	----	0.29	0.01	-0.27
2050	17.07	13.18	-3.89	----	0.29	0.01	-0.28
2051	17.08	13.18	-3.90	----	0.29	0.01	-0.28
2052	17.11	13.19	-3.92	----	0.30	0.01	-0.28
2053	17.13	13.19	-3.95	----	0.30	0.01	-0.29
2054	17.17	13.19	-3.98	----	0.30	0.01	-0.29
2055	17.21	13.19	-4.02	----	0.30	0.01	-0.29
2056	17.26	13.20	-4.07	----	0.31	0.01	-0.29
2057	17.31	13.20	-4.11	----	0.31	0.01	-0.29
2058	17.36	13.20	-4.16	----	0.31	0.01	-0.30
2059	17.41	13.21	-4.20	----	0.31	0.01	-0.30
2060	17.45	13.21	-4.24	----	0.31	0.01	-0.30
2061	17.50	13.21	-4.29	----	0.31	0.01	-0.30
2062	17.54	13.21	-4.33	----	0.32	0.01	-0.30
2063	17.59	13.22	-4.37	----	0.32	0.01	-0.30
2064	17.63	13.22	-4.41	----	0.32	0.01	-0.30
2065	17.68	13.22	-4.45	----	0.32	0.01	-0.31
2066	17.72	13.23	-4.50	----	0.32	0.01	-0.31
2067	17.77	13.23	-4.54	----	0.32	0.01	-0.31
2068	17.82	13.23	-4.59	----	0.32	0.01	-0.31
2069	17.86	13.23	-4.63	----	0.32	0.01	-0.31
2070	17.91	13.24	-4.67	----	0.32	0.01	-0.31
2071	17.95	13.24	-4.71	----	0.32	0.01	-0.31
2072	17.98	13.24	-4.74	----	0.32	0.01	-0.31
2073	18.01	13.24	-4.77	----	0.32	0.01	-0.31
2074	18.03	13.24	-4.79	----	0.33	0.01	-0.31
2075	18.05	13.24	-4.80	----	0.33	0.01	-0.31
2076	18.06	13.25	-4.81	----	0.33	0.01	-0.31
2077	18.06	13.25	-4.82	----	0.33	0.01	-0.31
2078	18.07	13.25	-4.82	----	0.33	0.01	-0.31
2079	18.07	13.25	-4.83	----	0.33	0.01	-0.31
2080	18.08	13.25	-4.84	----	0.33	0.01	-0.31
2081	18.10	13.25	-4.85	----	0.33	0.01	-0.31
2082	18.13	13.25	-4.88	----	0.33	0.01	-0.31
2083	18.16	13.25	-4.91	----	0.33	0.01	-0.31
2084	18.20	13.25	-4.94	----	0.33	0.01	-0.31
2085	18.24	13.26	-4.99	----	0.33	0.01	-0.31
2086	18.29	13.26	-5.03	----	0.33	0.01	-0.31
2087	18.34	13.26	-5.08	----	0.33	0.01	-0.31
2088	18.39	13.26	-5.13	----	0.33	0.01	-0.31

				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 2013 Trustees Report.
2013-2087	16.83%	13.89%	-2.94%	2032	0.23%	0.01%	-0.22%

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