Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, index the NRA to maintain a constant ratio of expected retirement years (life expectancy at NRA) to potential work years (NRA minus 20). We assume the NRA will increase 1 month every 2 years.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203203
2023187188
2024171171
2025154154
2026137137
2027119120
2028101102
20298384
20306465
20314445
20322325
203324
2034-20-18
2035-42-40
2036-65-62
2037-88-84
2038-112-107
2039-136-131
2040-160-154
2041-185-178
2042-210-202
2043-235-226
2044-260-250
2045-285-274
2046-310-298
2047-336-323
2048-362-348
2049-388-373
2050-415-398
2051-442-423
2052-468-448
2053-495-473
2054-523-499
2055-550-524
2056-578-550
2057-606-576
2058-635-603
2059-664-629
2060-694-657
2061-725-684
2062-756-713
2063-787-741
2064-819-770
2065-852-800
2066-885-829
2067-918-860
2068-952-890
2069-987-921
2070-1022-953
2071-1057-985
2072-1094-1018
2073-1132-1052
2074-1171-1087
2075-1210-1122
2076-1251-1157
2077-1293-1194
2078-1335-1232
2079-1378-1270
2080-1421-1309
2081-1464-1349
2082-1507-1389
2083-1550-1428
2084-1593-1467
2085-1636-1506
2086-1680-1546
2087-1724-1585
2088-1769-1623
2089-1814-1661
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