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Summary Measures and Graphs
Level of Monthly Benefits

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 $23,145 in 2014). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2016. The 5 years are chosen to yield the largest increase in AIME.

Estimates based on the intermediate assumptions of the 2015 Trustees Report

Summary Measures
Present Law
[percent of payroll]		 Change from present law
[percent of payroll]		 Shortfall Eliminated
Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year		 Long-range
actuarial
balance		 Annual
balance in
75th year
-2.68 -4.65 -0.23 -0.32 -8% -7%


graph of OASDI cost rates and income rates by year, under present law and provision. click on graph to view underlying data. graph of OASDI trust fund ratio by year, under present law and provision. click on graph to view underlying data.
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Last reviewed or modified September 1, 2015