Detailed Single Year Tables
Description of Proposed Provision:
C1.4: Increase the normal retirement age (NRA) 2 months per year for those age 62 starting in 2027 and ending in 2038 (NRA reaches 69 for those age 62 in 2038). Thereafter, increase the NRA 1 month every 2 years.
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 | 15.60 | 12.85 | -2.75 | 131 | -0.02 | -0.00 | 0.02 | ||
| 2028 | 15.66 | 13.01 | -2.66 | 111 | -0.04 | -0.00 | 0.04 | ||
| 2029 | 15.68 | 13.06 | -2.62 | 93 | -0.06 | -0.00 | 0.06 | ||
| 2030 | 15.66 | 13.07 | -2.59 | 75 | -0.08 | -0.00 | 0.08 | ||
| 2031 | 15.62 | 13.08 | -2.54 | 58 | -0.10 | -0.00 | 0.09 | ||
| 2032 | 15.60 | 13.09 | -2.51 | 42 | -0.12 | -0.00 | 0.11 | ||
| 2033 | 15.58 | 13.13 | -2.46 | 26 | -0.13 | -0.00 | 0.13 | ||
| 2034 | 15.59 | 13.14 | -2.45 | 11 | -0.15 | -0.00 | 0.15 | ||
| 2035 | 15.57 | 13.16 | -2.41 | — | -0.20 | -0.00 | 0.20 | ||
| 2036 | 15.60 | 13.17 | -2.43 | — | -0.26 | -0.01 | 0.25 | ||
| 2037 | 15.63 | 13.17 | -2.46 | — | -0.32 | -0.01 | 0.31 | ||
| 2038 | 15.66 | 13.18 | -2.48 | — | -0.39 | -0.01 | 0.37 | ||
| 2039 | 15.68 | 13.18 | -2.50 | — | -0.45 | -0.01 | 0.44 | ||
| 2040 | 15.68 | 13.18 | -2.50 | — | -0.52 | -0.02 | 0.51 | ||
| 2041 | 15.67 | 13.18 | -2.49 | — | -0.60 | -0.02 | 0.58 | ||
| 2042 | 15.67 | 13.19 | -2.48 | — | -0.68 | -0.02 | 0.65 | ||
| 2043 | 15.66 | 13.19 | -2.48 | — | -0.75 | -0.03 | 0.72 | ||
| 2044 | 15.67 | 13.19 | -2.48 | — | -0.82 | -0.03 | 0.79 | ||
| 2045 | 15.69 | 13.19 | -2.49 | — | -0.89 | -0.03 | 0.86 | ||
| 2046 | 15.68 | 13.19 | -2.49 | — | -0.96 | -0.03 | 0.92 | ||
| 2047 | 15.68 | 13.19 | -2.49 | — | -1.02 | -0.04 | 0.98 | ||
| 2048 | 15.69 | 13.20 | -2.49 | — | -1.09 | -0.04 | 1.05 | ||
| 2049 | 15.70 | 13.20 | -2.50 | — | -1.15 | -0.04 | 1.10 | ||
| 2050 | 15.72 | 13.20 | -2.52 | — | -1.21 | -0.05 | 1.16 | ||
| 2051 | 15.76 | 13.20 | -2.55 | — | -1.26 | -0.05 | 1.21 | ||
| 2052 | 15.81 | 13.21 | -2.60 | — | -1.32 | -0.05 | 1.27 | ||
| 2053 | 15.86 | 13.21 | -2.65 | — | -1.38 | -0.05 | 1.32 | ||
| 2054 | 15.92 | 13.22 | -2.70 | — | -1.44 | -0.06 | 1.38 | ||
| 2055 | 15.98 | 13.22 | -2.76 | — | -1.49 | -0.06 | 1.43 | ||
| 2056 | 16.05 | 13.23 | -2.82 | — | -1.56 | -0.06 | 1.50 | ||
| 2057 | 16.12 | 13.23 | -2.89 | — | -1.62 | -0.07 | 1.55 | ||
| 2058 | 16.20 | 13.24 | -2.97 | — | -1.68 | -0.07 | 1.61 | ||
| 2059 | 16.29 | 13.24 | -3.05 | — | -1.73 | -0.07 | 1.65 | ||
| 2060 | 16.38 | 13.25 | -3.13 | — | -1.77 | -0.08 | 1.70 | ||
| 2061 | 16.47 | 13.25 | -3.21 | — | -1.81 | -0.08 | 1.73 | ||
| 2062 | 16.55 | 13.26 | -3.29 | — | -1.85 | -0.08 | 1.77 | ||
| 2063 | 16.63 | 13.27 | -3.37 | — | -1.88 | -0.08 | 1.80 | ||
| 2064 | 16.71 | 13.27 | -3.44 | — | -1.92 | -0.08 | 1.84 | ||
| 2065 | 16.78 | 13.28 | -3.50 | — | -1.96 | -0.09 | 1.88 | ||
| 2066 | 16.85 | 13.28 | -3.57 | — | -2.00 | -0.09 | 1.91 | ||
| 2067 | 16.93 | 13.29 | -3.64 | — | -2.04 | -0.09 | 1.95 | ||
| 2068 | 17.01 | 13.29 | -3.71 | — | -2.08 | -0.09 | 1.99 | ||
| 2069 | 17.09 | 13.30 | -3.79 | — | -2.12 | -0.09 | 2.03 | ||
| 2070 | 17.17 | 13.30 | -3.86 | — | -2.16 | -0.09 | 2.06 | ||
| 2071 | 17.25 | 13.31 | -3.94 | — | -2.20 | -0.10 | 2.10 | ||
| 2072 | 17.33 | 13.32 | -4.01 | — | -2.23 | -0.10 | 2.14 | ||
| 2073 | 17.41 | 13.32 | -4.09 | — | -2.26 | -0.10 | 2.17 | ||
| 2074 | 17.50 | 13.33 | -4.17 | — | -2.30 | -0.10 | 2.20 | ||
| 2075 | 17.58 | 13.33 | -4.24 | — | -2.32 | -0.10 | 2.22 | ||
| 2076 | 17.65 | 13.34 | -4.31 | — | -2.34 | -0.10 | 2.24 | ||
| 2077 | 17.72 | 13.34 | -4.38 | — | -2.37 | -0.10 | 2.26 | ||
| 2078 | 17.77 | 13.35 | -4.43 | — | -2.39 | -0.10 | 2.28 | ||
| 2079 | 17.82 | 13.35 | -4.47 | — | -2.41 | -0.11 | 2.31 | ||
| 2080 | 17.85 | 13.35 | -4.50 | — | -2.44 | -0.11 | 2.33 | ||
| 2081 | 17.87 | 13.36 | -4.51 | — | -2.47 | -0.11 | 2.36 | ||
| 2082 | 17.89 | 13.36 | -4.53 | — | -2.50 | -0.11 | 2.39 | ||
| 2083 | 17.90 | 13.36 | -4.54 | — | -2.52 | -0.11 | 2.41 | ||
| 2084 | 17.91 | 13.36 | -4.55 | — | -2.53 | -0.11 | 2.42 | ||
| 2085 | 17.90 | 13.36 | -4.54 | — | -2.55 | -0.11 | 2.43 | ||
| 2086 | 17.90 | 13.36 | -4.54 | — | -2.55 | -0.11 | 2.44 | ||
| 2087 | 17.88 | 13.36 | -4.52 | — | -2.56 | -0.11 | 2.44 | ||
| 2088 | 17.85 | 13.36 | -4.49 | — | -2.57 | -0.12 | 2.45 | ||
| 2089 | 17.80 | 13.36 | -4.45 | — | -2.58 | -0.12 | 2.47 | ||
| 2090 | 17.75 | 13.35 | -4.40 | — | -2.60 | -0.12 | 2.48 | ||
| 2091 | 17.70 | 13.35 | -4.35 | — | -2.61 | -0.12 | 2.49 | ||
| 2092 | 17.64 | 13.35 | -4.29 | — | -2.63 | -0.12 | 2.51 | ||
| 2093 | 17.57 | 13.34 | -4.23 | — | -2.66 | -0.12 | 2.54 | ||
| 2094 | 17.50 | 13.34 | -4.16 | — | -2.69 | -0.12 | 2.57 | ||
| 2095 | 17.43 | 13.34 | -4.09 | — | -2.72 | -0.12 | 2.60 | ||
| 2096 | 17.34 | 13.33 | -4.01 | — | -2.77 | -0.12 | 2.65 | ||
| 2097 | 17.27 | 13.33 | -3.94 | — | -2.81 | -0.13 | 2.69 | ||
| 2098 | 17.21 | 13.33 | -3.89 | — | -2.84 | -0.13 | 2.72 | ||
| 2099 | 17.17 | 13.32 | -3.84 | — | -2.87 | -0.13 | 2.74 | ||
| 2100 | 17.14 | 13.32 | -3.81 | — | -2.89 | -0.13 | 2.76 | ||
| 2101 | 17.12 | 13.32 | -3.80 | — | -2.90 | -0.13 | 2.77 | ||
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 | 16.62% | 13.62% | -3.00% | 2034 | -1.48% | -0.06% | 1.42% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
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Based on Intermediate Assumptions of the 2026 Trustees Report.