Detailed Single Year Tables
Description of Proposed Provision:
C2.2: Starting for those age 62 in 2026, index the normal retirement age (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. Also, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining 62 in 2026.
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 |
|||
| 2025 | 15.15 | 12.80 | -2.35 | 169 | 0.00 | 0.00 | 0.00 | ||
| 2026 | 15.28 | 13.03 | -2.24 | 149 | -0.01 | 0.00 | 0.01 | ||
| 2027 | 15.46 | 13.08 | -2.37 | 131 | -0.02 | 0.00 | 0.02 | ||
| 2028 | 15.56 | 13.11 | -2.45 | 113 | -0.03 | 0.00 | 0.03 | ||
| 2029 | 15.65 | 13.14 | -2.52 | 96 | -0.04 | 0.00 | 0.04 | ||
| 2030 | 15.75 | 13.16 | -2.59 | 79 | -0.05 | 0.00 | 0.05 | ||
| 2031 | 15.85 | 13.19 | -2.67 | 62 | -0.06 | 0.00 | 0.06 | ||
| 2032 | 15.93 | 13.20 | -2.73 | 44 | -0.07 | 0.00 | 0.07 | ||
| 2033 | 15.99 | 13.24 | -2.75 | 27 | -0.08 | 0.00 | 0.08 | ||
| 2034 | 16.05 | 13.27 | -2.79 | 11 | -0.09 | 0.00 | 0.09 | ||
| 2035 | 16.13 | 13.28 | -2.85 | — | -0.10 | 0.00 | 0.11 | ||
| 2036 | 16.21 | 13.29 | -2.93 | — | -0.11 | 0.00 | 0.11 | ||
| 2037 | 16.29 | 13.30 | -2.99 | — | -0.12 | 0.00 | 0.12 | ||
| 2038 | 16.35 | 13.30 | -3.05 | — | -0.14 | 0.00 | 0.14 | ||
| 2039 | 16.39 | 13.31 | -3.08 | — | -0.16 | -0.00 | 0.16 | ||
| 2040 | 16.43 | 13.31 | -3.11 | — | -0.18 | -0.00 | 0.18 | ||
| 2041 | 16.45 | 13.32 | -3.13 | — | -0.20 | -0.00 | 0.20 | ||
| 2042 | 16.46 | 13.32 | -3.13 | — | -0.22 | -0.00 | 0.22 | ||
| 2043 | 16.47 | 13.33 | -3.14 | — | -0.24 | -0.00 | 0.24 | ||
| 2044 | 16.48 | 13.33 | -3.15 | — | -0.26 | -0.00 | 0.26 | ||
| 2045 | 16.49 | 13.33 | -3.16 | — | -0.28 | -0.00 | 0.28 | ||
| 2046 | 16.50 | 13.34 | -3.16 | — | -0.30 | -0.00 | 0.30 | ||
| 2047 | 16.51 | 13.34 | -3.17 | — | -0.33 | -0.00 | 0.32 | ||
| 2048 | 16.52 | 13.34 | -3.18 | — | -0.35 | -0.00 | 0.35 | ||
| 2049 | 16.54 | 13.35 | -3.20 | — | -0.38 | -0.00 | 0.37 | ||
| 2050 | 16.56 | 13.35 | -3.21 | — | -0.41 | -0.01 | 0.40 | ||
| 2051 | 16.59 | 13.36 | -3.23 | — | -0.44 | -0.01 | 0.43 | ||
| 2052 | 16.62 | 13.36 | -3.26 | — | -0.46 | -0.01 | 0.46 | ||
| 2053 | 16.65 | 13.37 | -3.29 | — | -0.50 | -0.01 | 0.49 | ||
| 2054 | 16.69 | 13.37 | -3.32 | — | -0.53 | -0.01 | 0.52 | ||
| 2055 | 16.74 | 13.38 | -3.36 | — | -0.56 | -0.01 | 0.55 | ||
| 2056 | 16.79 | 13.38 | -3.41 | — | -0.59 | -0.01 | 0.58 | ||
| 2057 | 16.85 | 13.39 | -3.46 | — | -0.63 | -0.01 | 0.62 | ||
| 2058 | 16.91 | 13.40 | -3.52 | — | -0.66 | -0.01 | 0.64 | ||
| 2059 | 16.98 | 13.40 | -3.57 | — | -0.68 | -0.01 | 0.67 | ||
| 2060 | 17.03 | 13.41 | -3.62 | — | -0.71 | -0.01 | 0.70 | ||
| 2061 | 17.09 | 13.42 | -3.67 | — | -0.73 | -0.01 | 0.72 | ||
| 2062 | 17.14 | 13.42 | -3.72 | — | -0.75 | -0.01 | 0.74 | ||
| 2063 | 17.19 | 13.43 | -3.76 | — | -0.78 | -0.02 | 0.76 | ||
| 2064 | 17.23 | 13.43 | -3.79 | — | -0.80 | -0.02 | 0.79 | ||
| 2065 | 17.27 | 13.44 | -3.83 | — | -0.83 | -0.02 | 0.82 | ||
| 2066 | 17.31 | 13.44 | -3.86 | — | -0.86 | -0.02 | 0.84 | ||
| 2067 | 17.34 | 13.45 | -3.90 | — | -0.89 | -0.02 | 0.87 | ||
| 2068 | 17.38 | 13.45 | -3.93 | — | -0.92 | -0.02 | 0.90 | ||
| 2069 | 17.43 | 13.46 | -3.97 | — | -0.95 | -0.02 | 0.93 | ||
| 2070 | 17.48 | 13.46 | -4.01 | — | -0.98 | -0.02 | 0.96 | ||
| 2071 | 17.52 | 13.47 | -4.05 | — | -1.01 | -0.02 | 0.99 | ||
| 2072 | 17.57 | 13.47 | -4.09 | — | -1.04 | -0.02 | 1.01 | ||
| 2073 | 17.61 | 13.48 | -4.13 | — | -1.06 | -0.02 | 1.04 | ||
| 2074 | 17.66 | 13.49 | -4.17 | — | -1.08 | -0.02 | 1.06 | ||
| 2075 | 17.69 | 13.49 | -4.20 | — | -1.11 | -0.02 | 1.08 | ||
| 2076 | 17.72 | 13.49 | -4.23 | — | -1.13 | -0.02 | 1.11 | ||
| 2077 | 17.74 | 13.50 | -4.25 | — | -1.15 | -0.02 | 1.13 | ||
| 2078 | 17.76 | 13.50 | -4.26 | — | -1.17 | -0.02 | 1.14 | ||
| 2079 | 17.76 | 13.50 | -4.26 | — | -1.19 | -0.03 | 1.16 | ||
| 2080 | 17.75 | 13.50 | -4.25 | — | -1.21 | -0.03 | 1.18 | ||
| 2081 | 17.73 | 13.50 | -4.23 | — | -1.23 | -0.03 | 1.20 | ||
| 2082 | 17.70 | 13.50 | -4.20 | — | -1.25 | -0.03 | 1.22 | ||
| 2083 | 17.67 | 13.50 | -4.17 | — | -1.26 | -0.03 | 1.24 | ||
| 2084 | 17.63 | 13.50 | -4.13 | — | -1.28 | -0.03 | 1.25 | ||
| 2085 | 17.58 | 13.50 | -4.08 | — | -1.29 | -0.03 | 1.26 | ||
| 2086 | 17.52 | 13.49 | -4.03 | — | -1.30 | -0.03 | 1.27 | ||
| 2087 | 17.46 | 13.49 | -3.97 | — | -1.31 | -0.03 | 1.28 | ||
| 2088 | 17.38 | 13.49 | -3.90 | — | -1.32 | -0.03 | 1.29 | ||
| 2089 | 17.30 | 13.48 | -3.82 | — | -1.34 | -0.03 | 1.31 | ||
| 2090 | 17.22 | 13.48 | -3.74 | — | -1.36 | -0.03 | 1.33 | ||
| 2091 | 17.14 | 13.47 | -3.67 | — | -1.38 | -0.03 | 1.34 | ||
| 2092 | 17.07 | 13.47 | -3.60 | — | -1.40 | -0.03 | 1.37 | ||
| 2093 | 16.99 | 13.47 | -3.53 | — | -1.43 | -0.03 | 1.40 | ||
| 2094 | 16.93 | 13.46 | -3.46 | — | -1.46 | -0.03 | 1.43 | ||
| 2095 | 16.87 | 13.46 | -3.41 | — | -1.49 | -0.03 | 1.46 | ||
| 2096 | 16.81 | 13.46 | -3.35 | — | -1.53 | -0.03 | 1.50 | ||
| 2097 | 16.76 | 13.46 | -3.30 | — | -1.57 | -0.03 | 1.54 | ||
| 2098 | 16.73 | 13.46 | -3.27 | — | -1.60 | -0.04 | 1.56 | ||
| 2099 | 16.72 | 13.46 | -3.26 | — | -1.62 | -0.04 | 1.59 | ||
| 2100 | 16.72 | 13.46 | -3.26 | — | -1.64 | -0.04 | 1.60 | ||
Summarized Estimates
| Proposal | Change from Current Law | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Years | Cost rate |
Income rate |
Actuarial balance |
Year of reserve depletion1 |
Cost rate |
Income rate |
Actuarial balance |
||
| 2025-2099 | 16.93% | 13.77% | -3.16% | 2034 | -0.68% | -0.01% | 0.66% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2025 Trustees Report.