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 $27,038 in 2019). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2020. 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
201913.9112.85-1.06
273
0.000.000.00
202013.9412.87-1.07
260
0.000.00-0.00
202114.1012.90-1.20
245
0.010.00-0.01
202214.2512.92-1.33
229
0.020.00-0.02
202314.4312.94-1.49
213
0.030.00-0.03
202414.6312.97-1.66
196
0.040.00-0.04
202514.8412.99-1.85
179
0.050.00-0.05
202615.0613.11-1.94
162
0.070.00-0.06
202715.2713.14-2.14
145
0.080.00-0.08
202815.5313.18-2.35
128
0.090.00-0.09
202915.7313.19-2.54
111
0.110.00-0.10
203015.9313.21-2.72
93
0.120.00-0.12
203116.1013.22-2.88
76
0.130.01-0.13
203216.2513.23-3.02
58
0.150.01-0.14
203316.3913.24-3.14
40
0.160.01-0.15
203416.4913.25-3.24
22
0.170.01-0.16
203516.5813.26-3.32
2
0.180.01-0.17
203616.6513.27-3.38
----
0.190.01-0.18
203716.7113.27-3.44
----
0.200.01-0.19
203816.7713.28-3.49
----
0.200.01-0.19
203916.8113.28-3.53
----
0.210.01-0.20
204016.8413.28-3.55
----
0.220.01-0.21
204116.8413.28-3.55
----
0.230.01-0.22
204216.8313.28-3.54
----
0.240.01-0.22
204316.8013.28-3.52
----
0.240.01-0.23
204416.7713.28-3.49
----
0.250.01-0.24
204516.7413.28-3.46
----
0.260.01-0.24
204616.7113.28-3.43
----
0.260.01-0.25
204716.6913.28-3.41
----
0.270.01-0.26
204816.6813.28-3.40
----
0.270.01-0.26
204916.6613.28-3.38
----
0.280.01-0.26
205016.6513.28-3.37
----
0.280.01-0.27
205116.6513.28-3.36
----
0.290.01-0.27
205216.6613.29-3.37
----
0.290.01-0.28
205316.6713.29-3.38
----
0.290.01-0.28
205416.6813.29-3.39
----
0.300.01-0.28
205516.7113.29-3.42
----
0.300.01-0.29
205616.7513.30-3.45
----
0.310.01-0.29
205716.7913.30-3.49
----
0.310.01-0.29
205816.8413.30-3.53
----
0.310.01-0.30
205916.8913.31-3.58
----
0.310.02-0.30
206016.9413.31-3.63
----
0.310.02-0.30
206117.0013.32-3.68
----
0.320.02-0.30
206217.0513.32-3.73
----
0.320.02-0.30
206317.1113.32-3.78
----
0.320.02-0.30
206417.1613.33-3.83
----
0.320.02-0.31
206517.2213.33-3.89
----
0.320.02-0.31
206617.2813.34-3.94
----
0.320.02-0.31
206717.3413.34-4.00
----
0.330.02-0.31
206817.4013.35-4.06
----
0.330.02-0.31
206917.4613.35-4.11
----
0.330.02-0.31
207017.5313.35-4.17
----
0.330.02-0.31
207117.5813.36-4.22
----
0.330.02-0.32
207217.6313.36-4.27
----
0.330.02-0.32
207317.6813.37-4.32
----
0.330.02-0.32
207417.7313.37-4.36
----
0.330.02-0.32
207517.7713.37-4.39
----
0.340.02-0.32
207617.7913.38-4.42
----
0.340.02-0.32
207717.8113.38-4.44
----
0.340.02-0.32
207817.8213.38-4.44
----
0.340.02-0.32
207917.8113.38-4.44
----
0.340.02-0.32
208017.8013.38-4.42
----
0.340.02-0.32
208117.7813.38-4.40
----
0.340.02-0.32
208217.7613.38-4.38
----
0.340.02-0.32
208317.7413.37-4.36
----
0.330.02-0.32
208417.7113.37-4.34
----
0.330.02-0.32
208517.6913.37-4.32
----
0.330.02-0.32
208617.6713.37-4.30
----
0.330.02-0.32
208717.6613.37-4.29
----
0.330.02-0.32
208817.6613.37-4.29
----
0.330.02-0.32
208917.6713.37-4.30
----
0.330.02-0.32
209017.6913.37-4.32
----
0.330.02-0.32
209117.7213.37-4.35
----
0.330.02-0.32
209217.7613.38-4.39
----
0.340.02-0.32
209317.8113.38-4.43
----
0.340.02-0.32
209417.8613.38-4.48
----
0.340.02-0.32

Summarized Estimates

Proposal Change from Current Law
Years Cost
rate		 Income
rate		 Actuarial
balance		 Year of reserve
depletion1		 Cost
rate		 Income
rate		 Actuarial
balance
2019-2093 16.84% 13.82% -3.02% 2035 0.24% 0.01% -0.23%

1 Under current law, the year of Trust Fund reserve depletion is 2035.
Based on Intermediate Assumptions of the 2019 Trustees Report.