Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in 2034. Thereafter, increase the NRA 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
2024171172
2025154155
2026137139
2027119122
2028101104
20298387
20306468
20314449
20322330
2033210
2034-20-10
2035-42-30
2036-65-51
2037-88-72
2038-112-93
2039-136-114
2040-160-135
2041-185-156
2042-210-177
2043-235-198
2044-260-219
2045-285-239
2046-310-260
2047-336-280
2048-362-301
2049-388-322
2050-415-343
2051-442-363
2052-468-384
2053-495-404
2054-523-424
2055-550-445
2056-578-465
2057-606-486
2058-635-507
2059-664-528
2060-694-549
2061-725-571
2062-756-592
2063-787-614
2064-819-637
2065-852-659
2066-885-682
2067-918-705
2068-952-729
2069-987-753
2070-1022-778
2071-1057-804
2072-1094-830
2073-1132-857
2074-1171-884
2075-1210-912
2076-1251-940
2077-1293-968
2078-1335-997
2079-1378-1028
2080-1421-1059
2081-1464-1090
2082-1507-1122
2083-1550-1153
2084-1593-1184
2085-1636-1214
2086-1680-1246
2087-1724-1276
2088-1769-1307
2089-1814-1338
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