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 $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.

			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
2015	14.13	12.82	-1.31	308	0.00	0.00	0.00
2016	13.89	12.88	-1.00	297	0.00	0.00	0.00
2017	13.91	12.91	-1.00	280	0.02	0.00	-0.02
2018	14.00	12.94	-1.06	263	0.03	0.00	-0.03
2019	14.13	12.95	-1.18	247	0.04	0.00	-0.04
2020	14.29	12.97	-1.32	232	0.06	0.00	-0.06
2021	14.42	12.99	-1.43	216	0.07	0.00	-0.07
2022	14.61	13.02	-1.59	201	0.09	0.00	-0.08
2023	14.82	13.03	-1.79	185	0.10	0.00	-0.10
2024	15.07	13.07	-2.00	169	0.11	0.00	-0.11
2025	15.29	13.09	-2.20	153	0.13	0.00	-0.12
2026	15.50	13.10	-2.40	137	0.14	0.01	-0.13
2027	15.71	13.12	-2.59	120	0.15	0.01	-0.14
2028	15.91	13.13	-2.78	103	0.16	0.01	-0.15
2029	16.10	13.15	-2.95	86	0.17	0.01	-0.16
2030	16.28	13.16	-3.12	69	0.18	0.01	-0.17
2031	16.43	13.17	-3.26	50	0.19	0.01	-0.18
2032	16.57	13.18	-3.39	31	0.20	0.01	-0.19
2033	16.69	13.19	-3.49	12	0.21	0.01	-0.20
2034	16.77	13.20	-3.57	----	0.22	0.01	-0.21
2035	16.84	13.21	-3.64	----	0.22	0.01	-0.21
2036	16.91	13.21	-3.70	----	0.23	0.01	-0.22
2037	16.95	13.22	-3.74	----	0.24	0.01	-0.23
2038	16.97	13.22	-3.75	----	0.24	0.01	-0.23
2039	16.97	13.22	-3.75	----	0.25	0.01	-0.24
2040	16.96	13.23	-3.74	----	0.25	0.01	-0.24
2041	16.94	13.23	-3.72	----	0.25	0.01	-0.24
2042	16.92	13.23	-3.70	----	0.26	0.01	-0.25
2043	16.90	13.23	-3.67	----	0.26	0.01	-0.25
2044	16.88	13.23	-3.65	----	0.26	0.01	-0.25
2045	16.86	13.23	-3.64	----	0.27	0.01	-0.26
2046	16.85	13.23	-3.62	----	0.27	0.01	-0.26
2047	16.84	13.23	-3.61	----	0.28	0.01	-0.26
2048	16.83	13.23	-3.60	----	0.28	0.01	-0.27
2049	16.82	13.23	-3.59	----	0.28	0.01	-0.27
2050	16.83	13.23	-3.60	----	0.29	0.01	-0.27
2051	16.84	13.23	-3.61	----	0.29	0.01	-0.28
2052	16.87	13.24	-3.63	----	0.29	0.01	-0.28
2053	16.90	13.24	-3.66	----	0.30	0.01	-0.28
2054	16.94	13.24	-3.70	----	0.30	0.01	-0.29
2055	16.99	13.25	-3.74	----	0.30	0.01	-0.29
2056	17.04	13.25	-3.79	----	0.30	0.01	-0.29
2057	17.10	13.25	-3.84	----	0.31	0.01	-0.29
2058	17.16	13.26	-3.90	----	0.31	0.01	-0.29
2059	17.21	13.26	-3.95	----	0.31	0.01	-0.30
2060	17.26	13.27	-4.00	----	0.31	0.01	-0.30
2061	17.32	13.27	-4.05	----	0.31	0.01	-0.30
2062	17.37	13.27	-4.10	----	0.32	0.01	-0.30
2063	17.43	13.28	-4.15	----	0.32	0.01	-0.30
2064	17.48	13.28	-4.20	----	0.32	0.01	-0.30
2065	17.54	13.28	-4.25	----	0.32	0.01	-0.31
2066	17.59	13.29	-4.31	----	0.32	0.01	-0.31
2067	17.65	13.29	-4.36	----	0.32	0.02	-0.31
2068	17.71	13.30	-4.42	----	0.32	0.02	-0.31
2069	17.77	13.30	-4.47	----	0.33	0.02	-0.31
2070	17.83	13.30	-4.52	----	0.33	0.02	-0.31
2071	17.88	13.31	-4.57	----	0.33	0.02	-0.31
2072	17.92	13.31	-4.61	----	0.33	0.02	-0.31
2073	17.96	13.31	-4.65	----	0.33	0.02	-0.31
2074	17.99	13.31	-4.68	----	0.33	0.02	-0.31
2075	18.01	13.32	-4.70	----	0.33	0.02	-0.31
2076	18.03	13.32	-4.71	----	0.33	0.02	-0.31
2077	18.03	13.32	-4.72	----	0.33	0.02	-0.31
2078	18.04	13.32	-4.72	----	0.33	0.02	-0.31
2079	18.04	13.32	-4.72	----	0.33	0.02	-0.31
2080	18.04	13.32	-4.72	----	0.33	0.02	-0.32
2081	18.05	13.32	-4.73	----	0.33	0.02	-0.32
2082	18.06	13.32	-4.74	----	0.33	0.02	-0.32
2083	18.08	13.32	-4.76	----	0.33	0.02	-0.32
2084	18.11	13.32	-4.78	----	0.33	0.02	-0.32
2085	18.14	13.32	-4.82	----	0.33	0.02	-0.32
2086	18.18	13.33	-4.85	----	0.33	0.02	-0.32
2087	18.22	13.33	-4.89	----	0.33	0.02	-0.32
2088	18.26	13.33	-4.93	----	0.33	0.02	-0.32
2089	18.31	13.33	-4.97	----	0.33	0.02	-0.32
2090	18.35	13.34	-5.01	----	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 2015 Trustees Report.
2015-2089	16.78%	13.87%	-2.91%	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