Detailed Single Year Tables

Description of Proposed Provision:
B7.3: 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 $23,865 in 2015). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2017. 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
2016	14.05	12.94	-1.10	303	0.00	0.00	0.00
2017	13.72	12.92	-0.81	293	0.00	0.00	0.00
2018	13.87	12.96	-0.91	277	0.01	0.00	-0.01
2019	14.01	12.97	-1.05	261	0.03	0.00	-0.03
2020	14.17	12.98	-1.19	245	0.04	0.00	-0.04
2021	14.33	13.00	-1.32	230	0.06	0.00	-0.05
2022	14.56	13.04	-1.52	214	0.07	0.00	-0.07
2023	14.84	13.06	-1.78	197	0.08	0.00	-0.08
2024	15.12	13.10	-2.02	180	0.10	0.00	-0.09
2025	15.40	13.11	-2.28	162	0.11	0.00	-0.11
2026	15.59	13.13	-2.46	144	0.12	0.00	-0.12
2027	15.78	13.15	-2.64	127	0.14	0.01	-0.13
2028	15.96	13.16	-2.80	109	0.15	0.01	-0.14
2029	16.12	13.18	-2.95	92	0.16	0.01	-0.15
2030	16.27	13.19	-3.08	74	0.17	0.01	-0.16
2031	16.40	13.20	-3.20	56	0.18	0.01	-0.17
2032	16.52	13.21	-3.31	37	0.19	0.01	-0.18
2033	16.60	13.21	-3.39	17	0.20	0.01	-0.19
2034	16.67	13.22	-3.45	----	0.21	0.01	-0.20
2035	16.71	13.22	-3.48	----	0.21	0.01	-0.20
2036	16.78	13.23	-3.55	----	0.22	0.01	-0.21
2037	16.83	13.24	-3.59	----	0.23	0.01	-0.22
2038	16.85	13.24	-3.61	----	0.23	0.01	-0.22
2039	16.85	13.24	-3.61	----	0.24	0.01	-0.23
2040	16.83	13.24	-3.59	----	0.24	0.01	-0.23
2041	16.81	13.24	-3.57	----	0.25	0.01	-0.24
2042	16.78	13.24	-3.54	----	0.25	0.01	-0.24
2043	16.75	13.24	-3.51	----	0.25	0.01	-0.24
2044	16.73	13.24	-3.48	----	0.26	0.01	-0.25
2045	16.71	13.24	-3.47	----	0.26	0.01	-0.25
2046	16.69	13.24	-3.45	----	0.27	0.01	-0.25
2047	16.67	13.24	-3.43	----	0.27	0.01	-0.26
2048	16.66	13.24	-3.42	----	0.27	0.01	-0.26
2049	16.65	13.24	-3.40	----	0.28	0.01	-0.26
2050	16.64	13.24	-3.39	----	0.28	0.01	-0.27
2051	16.64	13.25	-3.40	----	0.28	0.01	-0.27
2052	16.66	13.25	-3.41	----	0.29	0.01	-0.27
2053	16.68	13.25	-3.43	----	0.29	0.01	-0.28
2054	16.72	13.25	-3.47	----	0.29	0.01	-0.28
2055	16.76	13.26	-3.50	----	0.30	0.01	-0.28
2056	16.81	13.26	-3.55	----	0.30	0.01	-0.29
2057	16.86	13.26	-3.59	----	0.30	0.01	-0.29
2058	16.91	13.27	-3.64	----	0.30	0.01	-0.29
2059	16.96	13.27	-3.69	----	0.31	0.01	-0.29
2060	17.02	13.28	-3.74	----	0.31	0.01	-0.29
2061	17.07	13.28	-3.79	----	0.31	0.01	-0.30
2062	17.12	13.28	-3.84	----	0.31	0.01	-0.30
2063	17.17	13.29	-3.88	----	0.31	0.02	-0.30
2064	17.22	13.29	-3.93	----	0.32	0.02	-0.30
2065	17.27	13.29	-3.98	----	0.32	0.02	-0.30
2066	17.33	13.30	-4.03	----	0.32	0.02	-0.30
2067	17.38	13.30	-4.08	----	0.32	0.02	-0.30
2068	17.43	13.31	-4.13	----	0.32	0.02	-0.31
2069	17.49	13.31	-4.18	----	0.32	0.02	-0.31
2070	17.54	13.31	-4.23	----	0.32	0.02	-0.31
2071	17.59	13.32	-4.27	----	0.32	0.02	-0.31
2072	17.63	13.32	-4.31	----	0.33	0.02	-0.31
2073	17.67	13.32	-4.35	----	0.33	0.02	-0.31
2074	17.70	13.32	-4.37	----	0.33	0.02	-0.31
2075	17.72	13.33	-4.39	----	0.33	0.02	-0.31
2076	17.73	13.33	-4.41	----	0.33	0.02	-0.31
2077	17.74	13.33	-4.41	----	0.33	0.02	-0.31
2078	17.74	13.33	-4.41	----	0.33	0.02	-0.31
2079	17.73	13.33	-4.41	----	0.33	0.02	-0.31
2080	17.73	13.33	-4.40	----	0.33	0.02	-0.31
2081	17.73	13.33	-4.40	----	0.33	0.02	-0.31
2082	17.74	13.33	-4.41	----	0.33	0.02	-0.31
2083	17.75	13.33	-4.42	----	0.33	0.02	-0.31
2084	17.77	13.33	-4.44	----	0.33	0.02	-0.31
2085	17.80	13.33	-4.47	----	0.33	0.02	-0.31
2086	17.83	13.33	-4.50	----	0.33	0.02	-0.31
2087	17.87	13.34	-4.54	----	0.33	0.02	-0.32
2088	17.92	13.34	-4.58	----	0.33	0.02	-0.32
2089	17.96	13.34	-4.62	----	0.33	0.02	-0.32
2090	18.01	13.34	-4.67	----	0.33	0.02	-0.32
2091	18.06	13.35	-4.71	----	0.34	0.02	-0.32

				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 2016 Trustees Report.
2016-2090	16.74%	13.86%	-2.89%	2033	0.24%	0.01%	-0.23%

¹ Under present law, the year of Trust Fund reserve depletion is 2034.


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Detailed Single Year Tables

Financial Estimates for the OASDI Trust Fund Program

Summarized Estimates