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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 $24,682 in 2016). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2018. The 5 years are chosen to yield the largest increase in AIME.

 

Financial Estimates for the OASDI Trust Fund Program

 
  Proposal
  Change from Current Law
  Expressed as a percentage of
current-law taxable payroll

Trust fund
ratio as of
January 1
Expressed as a percentage of
current-law taxable payroll
Calendar
year
Cost
rate
Income
rate
Annual
balance

Cost
rate
Income
rate
Annual
balance
201713.4113.03-0.38
298
0.000.000.00
201813.4912.93-0.56
287
0.000.000.00
201913.7112.95-0.77
273
0.010.00-0.01
202013.8812.96-0.92
258
0.020.00-0.02
202114.0512.99-1.06
244
0.030.00-0.03
202214.3013.02-1.28
229
0.050.00-0.05
202314.6113.05-1.55
213
0.060.00-0.06
202414.9013.09-1.81
197
0.070.00-0.07
202515.1913.11-2.08
180
0.090.00-0.08
202615.4713.14-2.33
162
0.100.00-0.10
202715.7313.16-2.57
144
0.110.00-0.11
202815.9813.17-2.81
126
0.130.00-0.12
202916.2013.19-3.02
107
0.140.01-0.13
203016.4113.20-3.21
88
0.150.01-0.14
203116.6113.21-3.39
69
0.160.01-0.15
203216.7713.22-3.55
49
0.170.01-0.16
203316.9213.23-3.68
29
0.180.01-0.17
203417.0413.24-3.79
8
0.190.01-0.18
203517.1213.25-3.87
----
0.200.01-0.19
203617.1913.25-3.94
----
0.200.01-0.20
203717.2313.26-3.98
----
0.210.01-0.20
203817.2413.26-3.98
----
0.220.01-0.21
203917.2213.26-3.96
----
0.220.01-0.22
204017.1913.26-3.93
----
0.230.01-0.22
204117.1513.26-3.89
----
0.240.01-0.23
204217.1013.25-3.85
----
0.240.01-0.23
204317.0513.25-3.80
----
0.240.01-0.23
204417.0113.25-3.76
----
0.250.01-0.24
204516.9713.25-3.73
----
0.250.01-0.24
204616.9413.25-3.69
----
0.260.01-0.25
204716.9113.25-3.66
----
0.260.01-0.25
204816.8913.24-3.64
----
0.270.01-0.26
204916.8613.24-3.62
----
0.270.01-0.26
205016.8513.24-3.60
----
0.280.01-0.27
205116.8413.24-3.59
----
0.280.01-0.27
205216.8413.24-3.60
----
0.290.01-0.27
205316.8613.25-3.61
----
0.290.01-0.28
205416.8813.25-3.63
----
0.290.01-0.28
205516.9213.25-3.66
----
0.300.01-0.28
205616.9513.25-3.70
----
0.300.01-0.29
205717.0013.26-3.74
----
0.300.01-0.29
205817.0413.26-3.78
----
0.300.01-0.29
205917.0913.26-3.83
----
0.310.01-0.29
206017.1413.27-3.87
----
0.310.01-0.29
206117.1913.27-3.92
----
0.310.01-0.30
206217.2413.27-3.96
----
0.310.01-0.30
206317.2813.28-4.01
----
0.310.01-0.30
206417.3313.28-4.05
----
0.320.01-0.30
206517.3813.28-4.10
----
0.320.01-0.30
206617.4413.29-4.15
----
0.320.01-0.30
206717.4913.29-4.20
----
0.320.01-0.31
206817.5413.29-4.25
----
0.320.01-0.31
206917.6013.30-4.30
----
0.320.01-0.31
207017.6513.30-4.35
----
0.320.01-0.31
207117.7013.30-4.40
----
0.330.01-0.31
207217.7413.31-4.43
----
0.330.01-0.31
207317.7813.31-4.47
----
0.330.01-0.31
207417.8113.31-4.50
----
0.330.01-0.31
207517.8313.31-4.52
----
0.330.02-0.31
207617.8513.31-4.53
----
0.330.02-0.31
207717.8513.31-4.54
----
0.330.02-0.31
207817.8513.31-4.54
----
0.330.02-0.31
207917.8513.31-4.53
----
0.330.02-0.31
208017.8413.31-4.53
----
0.330.02-0.31
208117.8313.31-4.52
----
0.330.02-0.31
208217.8313.31-4.52
----
0.330.02-0.31
208317.8413.31-4.53
----
0.330.02-0.31
208417.8613.31-4.54
----
0.330.02-0.31
208517.8813.31-4.57
----
0.330.02-0.31
208617.9113.32-4.60
----
0.330.02-0.32
208717.9513.32-4.63
----
0.330.02-0.32
208817.9913.32-4.67
----
0.330.02-0.32
208918.0313.32-4.71
----
0.330.02-0.32
209018.0813.33-4.76
----
0.330.02-0.32
209118.1313.33-4.80
----
0.330.02-0.32
209218.1813.33-4.85
----
0.340.02-0.32



 

Summarized Estimates

 
  Proposal
  Change from Current Law
Years Cost
rate
Income
rate
Actuarial
balance

Year of reserve
depletion
1

Cost
rate
Income
rate
Actuarial
balance
 
Based on Intermediate Assumptions of the 2017 Trustees Report.
2017-2091 16.90% 13.85% -3.05%
2034
0.24% 0.01% -0.22%
 
1 Under current law, the year of Trust Fund reserve depletion is 2034.

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Last reviewed or modified July 13, 2017