Proposed Provision: Eliminate the hiatus in the normal retirement age (speed up the increase to age 67) and then index the normal retirement age (by 1 month every 2 years) until the NRA reaches age 70

OASDI Cost Rates and Income Rates
(as a percentage of taxable payroll)

  Income Rates Cost Rates
Year Present Law Provision Present Law Provision
200512.712.711.111.1
200612.712.711.011.0
200712.712.710.910.9
200812.812.811.010.9
200912.812.811.111.0
201012.812.811.311.1
201112.812.811.411.3
201212.912.911.711.5
201312.912.911.911.7
201412.912.912.211.9
201512.912.912.512.2
201613.012.912.812.4
201713.013.013.112.6
201813.013.013.412.9
201913.013.013.713.2
202013.013.014.013.5
202113.113.014.313.8
202213.113.014.714.1
202313.113.115.014.4
202413.113.115.314.7
202513.113.115.515.0
202613.113.115.815.3
202713.213.116.115.5
202813.213.116.315.8
202913.213.216.516.0
203013.213.216.716.2
203113.213.216.916.3
203213.213.217.116.5
203313.213.217.216.6
203413.213.217.316.7
203513.213.217.416.7
203613.313.217.416.8
203713.313.217.516.8
203813.313.217.516.8
203913.313.217.516.8
204013.313.217.516.8
204113.313.217.516.8
204213.313.217.516.8
204313.313.217.516.7
204413.313.217.516.7
204513.313.217.516.7
204613.313.217.616.7
204713.313.217.616.7
204813.313.217.616.7
204913.313.217.616.7
205013.313.217.616.7
205113.313.217.716.7
205213.313.217.716.7
205313.313.217.816.7
205413.313.217.816.7
205513.313.217.816.7
205613.313.217.916.8
205713.313.217.916.8
205813.313.218.016.8
205913.313.218.116.8
206013.313.218.116.8
206113.313.218.216.9
206213.313.218.216.9
206313.313.218.316.9
206413.313.218.317.0
206513.313.218.417.0
206613.313.218.517.0
206713.313.218.517.0
206813.313.218.617.0
206913.313.318.617.0
207013.413.318.717.0
207113.413.318.717.1
207213.413.318.817.1
207313.413.318.817.1
207413.413.318.917.2
207513.413.318.917.2
207613.413.318.917.2
207713.413.319.017.3
207813.413.319.017.3
207913.413.319.117.4
208013.413.319.117.4
208113.413.319.217.4
208213.413.319.217.5
208313.413.319.317.5
208413.413.319.317.6
208513.413.319.417.6
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