Detailed Single Year Tables
Description of Proposed Provision:
C2.5: Increase the normal retirement age (NRA) 3 months per year for those age 62 starting in 2026 and ending in 2037 (NRA reaches 70 for those age 62 in 2037). Thereafter, 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. Also, increase the earliest eligibility age (EEA) from 62 to 64 at the same time the NRA increases from 67 to 69; that is, for those attaining age 62 in 2026 through 2033. Keep EEA at 64 thereafter.
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 | 15.25 | 13.04 | -2.21 | 150 | -0.04 | 0.00 | 0.04 | ||
| 2027 | 15.41 | 13.09 | -2.32 | 132 | -0.07 | 0.00 | 0.08 | ||
| 2028 | 15.48 | 13.12 | -2.36 | 114 | -0.11 | 0.01 | 0.12 | ||
| 2029 | 15.54 | 13.14 | -2.40 | 98 | -0.15 | 0.01 | 0.16 | ||
| 2030 | 15.61 | 13.17 | -2.44 | 81 | -0.19 | 0.01 | 0.20 | ||
| 2031 | 15.68 | 13.20 | -2.48 | 65 | -0.23 | 0.01 | 0.24 | ||
| 2032 | 15.73 | 13.22 | -2.51 | 49 | -0.27 | 0.01 | 0.29 | ||
| 2033 | 15.75 | 13.26 | -2.50 | 33 | -0.32 | 0.01 | 0.33 | ||
| 2034 | 15.75 | 13.28 | -2.48 | 18 | -0.39 | 0.01 | 0.40 | ||
| 2035 | 15.76 | 13.29 | -2.47 | 2 | -0.47 | 0.01 | 0.48 | ||
| 2036 | 15.76 | 13.29 | -2.47 | — | -0.57 | 0.01 | 0.57 | ||
| 2037 | 15.76 | 13.30 | -2.46 | — | -0.66 | 0.00 | 0.66 | ||
| 2038 | 15.74 | 13.30 | -2.44 | — | -0.74 | -0.00 | 0.74 | ||
| 2039 | 15.72 | 13.30 | -2.42 | — | -0.83 | -0.01 | 0.82 | ||
| 2040 | 15.70 | 13.31 | -2.39 | — | -0.91 | -0.01 | 0.90 | ||
| 2041 | 15.66 | 13.31 | -2.35 | — | -0.99 | -0.01 | 0.97 | ||
| 2042 | 15.61 | 13.31 | -2.31 | — | -1.06 | -0.02 | 1.04 | ||
| 2043 | 15.58 | 13.31 | -2.27 | — | -1.13 | -0.02 | 1.11 | ||
| 2044 | 15.55 | 13.31 | -2.24 | — | -1.20 | -0.02 | 1.17 | ||
| 2045 | 15.51 | 13.31 | -2.21 | — | -1.26 | -0.03 | 1.23 | ||
| 2046 | 15.49 | 13.31 | -2.18 | — | -1.32 | -0.03 | 1.29 | ||
| 2047 | 15.47 | 13.31 | -2.15 | — | -1.37 | -0.03 | 1.34 | ||
| 2048 | 15.45 | 13.31 | -2.14 | — | -1.43 | -0.03 | 1.39 | ||
| 2049 | 15.44 | 13.32 | -2.13 | — | -1.48 | -0.04 | 1.44 | ||
| 2050 | 15.44 | 13.32 | -2.12 | — | -1.53 | -0.04 | 1.49 | ||
| 2051 | 15.44 | 13.32 | -2.12 | — | -1.58 | -0.04 | 1.54 | ||
| 2052 | 15.45 | 13.32 | -2.13 | — | -1.63 | -0.04 | 1.58 | ||
| 2053 | 15.47 | 13.33 | -2.14 | — | -1.68 | -0.05 | 1.63 | ||
| 2054 | 15.49 | 13.33 | -2.16 | — | -1.73 | -0.05 | 1.68 | ||
| 2055 | 15.52 | 13.33 | -2.19 | — | -1.78 | -0.05 | 1.73 | ||
| 2056 | 15.54 | 13.34 | -2.21 | — | -1.84 | -0.06 | 1.79 | ||
| 2057 | 15.58 | 13.34 | -2.24 | — | -1.89 | -0.06 | 1.83 | ||
| 2058 | 15.63 | 13.35 | -2.29 | — | -1.94 | -0.06 | 1.88 | ||
| 2059 | 15.69 | 13.35 | -2.33 | — | -1.97 | -0.06 | 1.91 | ||
| 2060 | 15.74 | 13.36 | -2.38 | — | -2.01 | -0.07 | 1.94 | ||
| 2061 | 15.80 | 13.36 | -2.43 | — | -2.02 | -0.07 | 1.96 | ||
| 2062 | 15.85 | 13.37 | -2.48 | — | -2.04 | -0.07 | 1.97 | ||
| 2063 | 15.89 | 13.37 | -2.52 | — | -2.07 | -0.07 | 2.00 | ||
| 2064 | 15.93 | 13.37 | -2.55 | — | -2.10 | -0.07 | 2.03 | ||
| 2065 | 15.96 | 13.38 | -2.59 | — | -2.13 | -0.08 | 2.06 | ||
| 2066 | 16.00 | 13.38 | -2.62 | — | -2.17 | -0.08 | 2.09 | ||
| 2067 | 16.03 | 13.39 | -2.64 | — | -2.21 | -0.08 | 2.13 | ||
| 2068 | 16.06 | 13.39 | -2.67 | — | -2.25 | -0.08 | 2.17 | ||
| 2069 | 16.09 | 13.39 | -2.70 | — | -2.29 | -0.08 | 2.21 | ||
| 2070 | 16.12 | 13.40 | -2.72 | — | -2.34 | -0.09 | 2.25 | ||
| 2071 | 16.13 | 13.40 | -2.73 | — | -2.39 | -0.09 | 2.30 | ||
| 2072 | 16.16 | 13.40 | -2.75 | — | -2.44 | -0.09 | 2.35 | ||
| 2073 | 16.18 | 13.41 | -2.78 | — | -2.49 | -0.09 | 2.39 | ||
| 2074 | 16.21 | 13.41 | -2.80 | — | -2.53 | -0.10 | 2.43 | ||
| 2075 | 16.24 | 13.41 | -2.82 | — | -2.57 | -0.10 | 2.47 | ||
| 2076 | 16.26 | 13.42 | -2.84 | — | -2.60 | -0.10 | 2.49 | ||
| 2077 | 16.27 | 13.42 | -2.85 | — | -2.62 | -0.10 | 2.52 | ||
| 2078 | 16.27 | 13.42 | -2.86 | — | -2.65 | -0.11 | 2.55 | ||
| 2079 | 16.27 | 13.42 | -2.85 | — | -2.68 | -0.11 | 2.57 | ||
| 2080 | 16.25 | 13.42 | -2.83 | — | -2.71 | -0.11 | 2.60 | ||
| 2081 | 16.22 | 13.42 | -2.80 | — | -2.74 | -0.11 | 2.63 | ||
| 2082 | 16.18 | 13.41 | -2.77 | — | -2.77 | -0.12 | 2.65 | ||
| 2083 | 16.14 | 13.41 | -2.73 | — | -2.79 | -0.12 | 2.67 | ||
| 2084 | 16.10 | 13.41 | -2.69 | — | -2.81 | -0.12 | 2.69 | ||
| 2085 | 16.05 | 13.41 | -2.64 | — | -2.82 | -0.12 | 2.70 | ||
| 2086 | 15.98 | 13.40 | -2.58 | — | -2.84 | -0.12 | 2.71 | ||
| 2087 | 15.92 | 13.40 | -2.52 | — | -2.85 | -0.13 | 2.72 | ||
| 2088 | 15.84 | 13.39 | -2.45 | — | -2.86 | -0.13 | 2.73 | ||
| 2089 | 15.76 | 13.39 | -2.38 | — | -2.88 | -0.13 | 2.75 | ||
| 2090 | 15.68 | 13.38 | -2.30 | — | -2.90 | -0.13 | 2.77 | ||
| 2091 | 15.60 | 13.38 | -2.22 | — | -2.92 | -0.13 | 2.79 | ||
| 2092 | 15.52 | 13.37 | -2.15 | — | -2.94 | -0.13 | 2.82 | ||
| 2093 | 15.44 | 13.37 | -2.08 | — | -2.98 | -0.13 | 2.85 | ||
| 2094 | 15.37 | 13.36 | -2.01 | — | -3.01 | -0.13 | 2.88 | ||
| 2095 | 15.31 | 13.36 | -1.95 | — | -3.05 | -0.13 | 2.92 | ||
| 2096 | 15.24 | 13.36 | -1.88 | — | -3.10 | -0.14 | 2.96 | ||
| 2097 | 15.19 | 13.36 | -1.83 | — | -3.14 | -0.14 | 3.01 | ||
| 2098 | 15.15 | 13.35 | -1.79 | — | -3.18 | -0.14 | 3.04 | ||
| 2099 | 15.13 | 13.35 | -1.77 | — | -3.21 | -0.14 | 3.07 | ||
| 2100 | 15.12 | 13.35 | -1.76 | — | -3.24 | -0.14 | 3.09 | ||
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 | 15.87% | 13.73% | -2.14% | 2035 | -1.74% | -0.06% | 1.68% | ||
1 Under current law, the year of Trust Fund reserve depletion is 2034. |
|||||||||
Based on Intermediate Assumptions of the 2025 Trustees Report.