Proposed Provision: Give parents earnings credits for up to five years if they have a child under 6. The earnings credited for a childcare year would be such that the resulting earnings assigned to the parents would equal one half of the Social Security average-wage index -- about $21,542 in 2010. The credits would be available for all past years to newly eligible retired-worker and disabled-worker beneficiaries in 2011 and later. The 5 most advantageous years would be used if more than 5 childcare credit years are possible; that is, the 5 years that make the biggest difference in indexed earnings.

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
201012.312.313.113.1
201112.912.913.013.0
201212.912.912.812.9
201312.912.912.812.9
201412.912.912.912.9
201512.912.913.013.0
201613.013.013.113.2
201713.013.013.313.4
201813.013.013.513.7
201913.013.013.814.0
202013.013.114.114.3
202113.113.114.514.6
202213.113.114.714.9
202313.113.115.015.2
202413.113.115.315.5
202513.113.115.515.8
202613.113.215.816.0
202713.213.216.016.2
202813.213.216.116.4
202913.213.216.316.6
203013.213.216.416.7
203113.213.216.516.8
203213.213.216.616.9
203313.213.216.717.0
203413.213.216.717.0
203513.213.216.717.1
203613.213.216.717.1
203713.213.216.717.1
203813.213.216.717.1
203913.213.216.717.0
204013.213.216.617.0
204113.213.216.617.0
204213.213.216.616.9
204313.213.216.516.9
204413.213.216.516.8
204513.213.216.416.8
204613.213.216.416.8
204713.213.216.416.8
204813.213.216.416.8
204913.213.216.416.7
205013.213.216.316.7
205113.213.216.316.7
205213.213.216.316.7
205313.213.216.316.7
205413.213.216.316.7
205513.213.316.416.8
205613.213.316.416.8
205713.213.316.416.8
205813.213.316.416.8
205913.213.316.516.9
206013.213.316.516.9
206113.213.316.516.9
206213.213.316.516.9
206313.213.316.617.0
206413.313.316.617.0
206513.313.316.617.0
206613.313.316.717.1
206713.313.316.717.1
206813.313.316.717.1
206913.313.316.817.2
207013.313.316.817.2
207113.313.316.817.3
207213.313.316.917.3
207313.313.316.917.4
207413.313.317.017.4
207513.313.317.017.4
207613.313.317.117.5
207713.313.317.117.5
207813.313.317.217.6
207913.313.317.217.6
208013.313.317.317.7
208113.313.317.317.7
208213.313.317.317.8
208313.313.317.417.8
208413.313.317.417.9
208513.313.317.517.9
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