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 $34,396 in 2024). The credits are available for all past years to newly eligible retired-worker and disabled-worker beneficiaries starting in 2025. 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 |
| 2024 | 188 | 188 |
| 2025 | 171 | 171 |
| 2026 | 152 | 152 |
| 2027 | 134 | 134 |
| 2028 | 117 | 117 |
| 2029 | 101 | 100 |
| 2030 | 84 | 83 |
| 2031 | 68 | 67 |
| 2032 | 53 | 51 |
| 2033 | 37 | 35 |
| 2034 | 22 | 20 |
| 2035 | 7 | 4 |
| 2036 | -9 | -13 |
| 2037 | -26 | -30 |
| 2038 | -43 | -47 |
| 2039 | -60 | -65 |
| 2040 | -78 | -84 |
| 2041 | -96 | -103 |
| 2042 | -115 | -123 |
| 2043 | -135 | -143 |
| 2044 | -154 | -163 |
| 2045 | -174 | -184 |
| 2046 | -194 | -205 |
| 2047 | -215 | -227 |
| 2048 | -235 | -248 |
| 2049 | -256 | -270 |
| 2050 | -277 | -292 |
| 2051 | -299 | -315 |
| 2052 | -320 | -337 |
| 2053 | -342 | -360 |
| 2054 | -364 | -383 |
| 2055 | -386 | -407 |
| 2056 | -409 | -430 |
| 2057 | -431 | -454 |
| 2058 | -455 | -479 |
| 2059 | -478 | -504 |
| 2060 | -502 | -529 |
| 2061 | -527 | -555 |
| 2062 | -553 | -582 |
| 2063 | -579 | -609 |
| 2064 | -605 | -637 |
| 2065 | -632 | -665 |
| 2066 | -660 | -694 |
| 2067 | -688 | -724 |
| 2068 | -716 | -753 |
| 2069 | -745 | -783 |
| 2070 | -774 | -814 |
| 2071 | -803 | -845 |
| 2072 | -834 | -876 |
| 2073 | -864 | -909 |
| 2074 | -895 | -941 |
| 2075 | -927 | -974 |
| 2076 | -960 | -1009 |
| 2077 | -993 | -1043 |
| 2078 | -1027 | -1079 |
| 2079 | -1062 | -1116 |
| 2080 | -1098 | -1153 |
| 2081 | -1134 | -1191 |
| 2082 | -1172 | -1230 |
| 2083 | -1209 | -1270 |
| 2084 | -1248 | -1310 |
| 2085 | -1287 | -1351 |
| 2086 | -1327 | -1393 |
| 2087 | -1368 | -1436 |
| 2088 | -1409 | -1479 |
| 2089 | -1450 | -1522 |
| 2090 | -1491 | -1565 |
| 2091 | -1532 | -1608 |
| 2092 | -1573 | -1650 |
| 2093 | -1612 | -1692 |
| 2094 | -1651 | -1732 |
| 2095 | -1689 | -1773 |
| 2096 | -1727 | -1812 |
| 2097 | -1764 | -1851 |
| 2098 | -1801 | -1890 |
| 2099 | -1838 | -1928 |
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