Detailed Single Year Tables
Description of Proposed Provision:
C1.1: Starting with those age 62 in 2027, increase the normal retirement age (NRA) 1 month every 2 years until the NRA reaches 68.
Financial Estimates for the OASDI Trust Fund Program
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
|
Expressed as a percentage of current-law taxable payroll |
Trust fund ratio as of January 1 |
Expressed as a percentage of current-law taxable payroll |
|||||||
|
Calendar year |
Cost rate |
Income rate |
Annual balance |
Cost rate |
Income rate |
Annual balance |
|||
| 2026 | 15.37 | 12.91 | -2.45 | 151 | 0.00 | 0.00 | 0.00 | ||
| 2027 | 15.61 | 12.85 | -2.76 | 131 | -0.00 | -0.00 | 0.00 | ||
| 2028 | 15.69 | 13.01 | -2.68 | 111 | -0.01 | -0.00 | 0.01 | ||
| 2029 | 15.73 | 13.06 | -2.66 | 92 | -0.01 | -0.00 | 0.01 | ||
| 2030 | 15.72 | 13.07 | -2.65 | 74 | -0.02 | -0.00 | 0.02 | ||
| 2031 | 15.70 | 13.09 | -2.61 | 57 | -0.02 | -0.00 | 0.02 | ||
| 2032 | 15.69 | 13.09 | -2.60 | 40 | -0.03 | -0.00 | 0.03 | ||
| 2033 | 15.68 | 13.13 | -2.55 | 24 | -0.03 | -0.00 | 0.03 | ||
| 2034 | 15.70 | 13.14 | -2.56 | 8 | -0.04 | -0.00 | 0.04 | ||
| 2035 | 15.72 | 13.16 | -2.56 | — | -0.05 | -0.00 | 0.05 | ||
| 2036 | 15.80 | 13.17 | -2.62 | — | -0.06 | -0.00 | 0.06 | ||
| 2037 | 15.88 | 13.18 | -2.71 | — | -0.07 | -0.00 | 0.07 | ||
| 2038 | 15.96 | 13.18 | -2.77 | — | -0.09 | -0.00 | 0.08 | ||
| 2039 | 16.02 | 13.19 | -2.83 | — | -0.11 | -0.00 | 0.10 | ||
| 2040 | 16.08 | 13.19 | -2.88 | — | -0.13 | -0.00 | 0.12 | ||
| 2041 | 16.13 | 13.20 | -2.93 | — | -0.14 | -0.00 | 0.14 | ||
| 2042 | 16.18 | 13.20 | -2.98 | — | -0.16 | -0.01 | 0.16 | ||
| 2043 | 16.23 | 13.21 | -3.02 | — | -0.18 | -0.01 | 0.18 | ||
| 2044 | 16.29 | 13.21 | -3.07 | — | -0.21 | -0.01 | 0.20 | ||
| 2045 | 16.34 | 13.22 | -3.13 | — | -0.23 | -0.01 | 0.22 | ||
| 2046 | 16.38 | 13.22 | -3.16 | — | -0.26 | -0.01 | 0.25 | ||
| 2047 | 16.42 | 13.22 | -3.20 | — | -0.28 | -0.01 | 0.27 | ||
| 2048 | 16.46 | 13.23 | -3.23 | — | -0.31 | -0.01 | 0.30 | ||
| 2049 | 16.51 | 13.23 | -3.28 | — | -0.34 | -0.01 | 0.33 | ||
| 2050 | 16.56 | 13.23 | -3.33 | — | -0.37 | -0.01 | 0.36 | ||
| 2051 | 16.62 | 13.24 | -3.38 | — | -0.40 | -0.01 | 0.38 | ||
| 2052 | 16.70 | 13.24 | -3.45 | — | -0.43 | -0.02 | 0.41 | ||
| 2053 | 16.78 | 13.25 | -3.53 | — | -0.46 | -0.02 | 0.44 | ||
| 2054 | 16.87 | 13.25 | -3.61 | — | -0.49 | -0.02 | 0.47 | ||
| 2055 | 16.96 | 13.26 | -3.70 | — | -0.51 | -0.02 | 0.49 | ||
| 2056 | 17.06 | 13.27 | -3.80 | — | -0.54 | -0.02 | 0.52 | ||
| 2057 | 17.17 | 13.28 | -3.90 | — | -0.57 | -0.02 | 0.55 | ||
| 2058 | 17.28 | 13.28 | -4.00 | — | -0.60 | -0.02 | 0.57 | ||
| 2059 | 17.40 | 13.29 | -4.11 | — | -0.62 | -0.03 | 0.59 | ||
| 2060 | 17.51 | 13.30 | -4.21 | — | -0.64 | -0.03 | 0.61 | ||
| 2061 | 17.62 | 13.30 | -4.32 | — | -0.65 | -0.03 | 0.62 | ||
| 2062 | 17.73 | 13.31 | -4.42 | — | -0.67 | -0.03 | 0.64 | ||
| 2063 | 17.83 | 13.32 | -4.52 | — | -0.68 | -0.03 | 0.65 | ||
| 2064 | 17.93 | 13.32 | -4.61 | — | -0.70 | -0.03 | 0.67 | ||
| 2065 | 18.03 | 13.33 | -4.70 | — | -0.71 | -0.03 | 0.68 | ||
| 2066 | 18.13 | 13.34 | -4.79 | — | -0.73 | -0.03 | 0.69 | ||
| 2067 | 18.23 | 13.34 | -4.89 | — | -0.74 | -0.03 | 0.71 | ||
| 2068 | 18.33 | 13.35 | -4.98 | — | -0.75 | -0.03 | 0.72 | ||
| 2069 | 18.44 | 13.36 | -5.08 | — | -0.77 | -0.03 | 0.73 | ||
| 2070 | 18.54 | 13.36 | -5.18 | — | -0.78 | -0.04 | 0.75 | ||
| 2071 | 18.65 | 13.37 | -5.28 | — | -0.80 | -0.04 | 0.76 | ||
| 2072 | 18.75 | 13.38 | -5.38 | — | -0.81 | -0.04 | 0.77 | ||
| 2073 | 18.86 | 13.38 | -5.48 | — | -0.82 | -0.04 | 0.78 | ||
| 2074 | 18.97 | 13.39 | -5.58 | — | -0.82 | -0.04 | 0.79 | ||
| 2075 | 19.07 | 13.40 | -5.67 | — | -0.83 | -0.04 | 0.79 | ||
| 2076 | 19.16 | 13.40 | -5.76 | — | -0.83 | -0.04 | 0.80 | ||
| 2077 | 19.25 | 13.41 | -5.84 | — | -0.84 | -0.04 | 0.80 | ||
| 2078 | 19.32 | 13.41 | -5.91 | — | -0.84 | -0.04 | 0.80 | ||
| 2079 | 19.39 | 13.42 | -5.97 | — | -0.84 | -0.04 | 0.80 | ||
| 2080 | 19.44 | 13.42 | -6.02 | — | -0.85 | -0.04 | 0.81 | ||
| 2081 | 19.49 | 13.43 | -6.07 | — | -0.85 | -0.04 | 0.81 | ||
| 2082 | 19.53 | 13.43 | -6.10 | — | -0.85 | -0.04 | 0.81 | ||
| 2083 | 19.56 | 13.43 | -6.13 | — | -0.85 | -0.04 | 0.81 | ||
| 2084 | 19.59 | 13.43 | -6.15 | — | -0.85 | -0.04 | 0.81 | ||
| 2085 | 19.60 | 13.43 | -6.17 | — | -0.85 | -0.04 | 0.81 | ||
| 2086 | 19.60 | 13.43 | -6.17 | — | -0.85 | -0.04 | 0.81 | ||
| 2087 | 19.59 | 13.43 | -6.16 | — | -0.84 | -0.04 | 0.80 | ||
| 2088 | 19.57 | 13.43 | -6.14 | — | -0.84 | -0.04 | 0.80 | ||
| 2089 | 19.55 | 13.43 | -6.11 | — | -0.84 | -0.04 | 0.80 | ||
| 2090 | 19.51 | 13.43 | -6.08 | — | -0.84 | -0.04 | 0.80 | ||
| 2091 | 19.47 | 13.43 | -6.04 | — | -0.84 | -0.04 | 0.80 | ||
| 2092 | 19.43 | 13.43 | -6.01 | — | -0.84 | -0.04 | 0.80 | ||
| 2093 | 19.39 | 13.42 | -5.97 | — | -0.83 | -0.04 | 0.79 | ||
| 2094 | 19.35 | 13.42 | -5.93 | — | -0.83 | -0.04 | 0.79 | ||
| 2095 | 19.32 | 13.42 | -5.90 | — | -0.83 | -0.04 | 0.79 | ||
| 2096 | 19.29 | 13.42 | -5.87 | — | -0.83 | -0.04 | 0.79 | ||
| 2097 | 19.26 | 13.42 | -5.84 | — | -0.83 | -0.04 | 0.79 | ||
| 2098 | 19.23 | 13.41 | -5.82 | — | -0.83 | -0.04 | 0.79 | ||
| 2099 | 19.21 | 13.41 | -5.80 | — | -0.82 | -0.04 | 0.79 | ||
| 2100 | 19.20 | 13.41 | -5.78 | — | -0.83 | -0.04 | 0.79 | ||
| 2101 | 19.19 | 13.41 | -5.78 | — | -0.83 | -0.04 | 0.79 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2026-2100 | 17.61% | 13.66% | -3.96% | 2034 | -0.49% | -0.02% | 0.47% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2026 Trustees Report.