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 $29,532 in 2021). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2022. The 5 years are chosen to yield the largest increase in AIME.

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

Year Current Law Provision
2021253253
2022231231
2023214214
2024196196
2025178177
2026159158
2027141140
2028122121
2029104102
20308582
20316663
20324643
20332723
203473
2035-13-18
2036-33-39
2037-54-61
2038-76-83
2039-97-105
2040-119-128
2041-142-151
2042-165-175
2043-188-199
2044-211-224
2045-235-248
2046-258-273
2047-282-297
2048-306-322
2049-330-348
2050-354-373
2051-378-398
2052-403-424
2053-427-450
2054-452-476
2055-477-502
2056-502-528
2057-527-555
2058-552-581
2059-578-608
2060-604-635
2061-630-663
2062-657-691
2063-684-720
2064-712-749
2065-740-778
2066-768-808
2067-796-838
2068-825-868
2069-855-899
2070-884-930
2071-914-961
2072-945-993
2073-976-1026
2074-1007-1058
2075-1039-1092
2076-1071-1126
2077-1105-1161
2078-1139-1197
2079-1175-1234
2080-1211-1272
2081-1248-1311
2082-1286-1350
2083-1324-1391
2084-1363-1432
2085-1403-1473
2086-1443-1515
2087-1483-1557
2088-1524-1600
2089-1564-1643
2090-1604-1684
2091-1643-1725
2092-1681-1765
2093-1718-1803
2094-1754-1842
2095-1789-1879
2096-1825-1916
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