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 |
2014 | 320 | 320 |
2015 | 306 | 306 |
2016 | 292 | 292 |
2017 | 277 | 277 |
2018 | 262 | 262 |
2019 | 248 | 248 |
2020 | 233 | 233 |
2021 | 219 | 219 |
2022 | 203 | 203 |
2023 | 187 | 188 |
2024 | 171 | 171 |
2025 | 154 | 154 |
2026 | 137 | 137 |
2027 | 119 | 120 |
2028 | 101 | 102 |
2029 | 83 | 84 |
2030 | 64 | 65 |
2031 | 44 | 45 |
2032 | 23 | 25 |
2033 | 2 | 4 |
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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