Detailed Single Year Tables

Retirement Age	Description of Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2009) and then increase the NRA by 1 month every 2 years until the NRA reaches age 68

Financial Estimates for the OASDI Trust Fund Program
Calendar year	Cost rate	Income rate	Annual balance	Trust fund ratio as of January 1	With this provision	Present law	Percentage increase
	Percentage of taxable payroll			Trust fund ratio as of January 1	OASDI taxable payroll (in billions of dollars)
2008	11.20	12.77	1.57	359	5,567	5,567	0.0
2009	11.26	12.81	1.54	369	5,859	5,859	0.0
2010	11.36	12.82	1.47	379	6,155	6,155	0.0
2011	11.51	12.84	1.33	387	6,450	6,449	0.0
2012	11.72	12.87	1.15	393	6,747	6,746	0.0
2013	11.96	12.90	0.94	397	7,057	7,055	0.0
2014	12.21	12.91	0.70	399	7,376	7,373	0.0
2015	12.47	12.93	0.46	400	7,705	7,701	0.1
2016	12.71	12.95	0.24	399	8,045	8,039	0.1
2017	12.97	12.97	0.00	397	8,397	8,390	0.1
2018	13.23	12.99	-0.24	393	8,767	8,759	0.1
2019	13.50	13.01	-0.49	388	9,150	9,142	0.1
2020	13.77	13.02	-0.74	381	9,547	9,539	0.1
2021	14.03	13.04	-0.99	374	9,960	9,952	0.1
2022	14.29	13.06	-1.23	365	10,388	10,381	0.1
2023	14.54	13.08	-1.47	356	10,833	10,827	0.1
2024	14.79	13.09	-1.70	345	11,300	11,293	0.1
2025	15.03	13.11	-1.92	333	11,784	11,777	0.1
2026	15.26	13.12	-2.14	320	12,290	12,284	0.1
2027	15.48	13.14	-2.34	306	12,816	12,810	0.0
2028	15.68	13.15	-2.53	292	13,366	13,360	0.0
2029	15.86	13.16	-2.70	277	13,944	13,937	0.1
2030	16.01	13.17	-2.84	261	14,547	14,539	0.1
2031	16.13	13.18	-2.95	246	15,180	15,172	0.1
2032	16.22	13.19	-3.04	229	15,843	15,833	0.1
2033	16.29	13.19	-3.10	213	16,539	16,528	0.1
2034	16.34	13.20	-3.14	197	17,269	17,257	0.1
2035	16.36	13.20	-3.16	180	18,030	18,017	0.1
2036	16.37	13.20	-3.16	163	18,824	18,810	0.1
2037	16.36	13.20	-3.16	146	19,655	19,640	0.1
2038	16.34	13.20	-3.13	129	20,525	20,509	0.1
2039	16.30	13.20	-3.09	112	21,438	21,420	0.1
2040	16.25	13.20	-3.05	95	22,392	22,373	0.1
2041	16.19	13.20	-2.99	78	23,388	23,368	0.1
2042	16.14	13.20	-2.94	61	24,430	24,408	0.1
2043	16.09	13.20	-2.89	44	25,517	25,494	0.1
2044	16.04	13.19	-2.84	27	26,655	26,630	0.1
2045	15.99	13.19	-2.80	10	27,838	27,812	0.1
2046	15.96	13.19	-2.76	----	29,071	29,043	0.1
2047	15.92	13.19	-2.73	----	30,356	30,327	0.1
2048	15.90	13.19	-2.71	----	31,697	31,666	0.1
2049	15.87	13.19	-2.68	----	33,094	33,062	0.1
2050	15.85	13.19	-2.67	----	34,549	34,514	0.1
2051	15.85	13.19	-2.66	----	36,064	36,028	0.1
2052	15.84	13.19	-2.65	----	37,650	37,612	0.1
2053	15.84	13.19	-2.65	----	39,306	39,267	0.1
2054	15.85	13.19	-2.66	----	41,034	40,993	0.1
2055	15.86	13.19	-2.67	----	42,836	42,793	0.1
2056	15.88	13.19	-2.69	----	44,712	44,666	0.1
2057	15.90	13.20	-2.71	----	46,672	46,625	0.1
2058	15.92	13.20	-2.72	----	48,719	48,670	0.1
2059	15.94	13.20	-2.74	----	50,861	50,809	0.1
2060	15.96	13.20	-2.76	----	53,092	53,039	0.1
2061	15.99	13.20	-2.79	----	55,419	55,363	0.1
2062	16.01	13.21	-2.81	----	57,852	57,794	0.1
2063	16.03	13.21	-2.83	----	60,391	60,331	0.1
2064	16.06	13.21	-2.85	----	63,043	62,981	0.1
2065	16.08	13.21	-2.87	----	65,811	65,746	0.1
2066	16.11	13.21	-2.90	----	68,695	68,626	0.1
2067	16.14	13.21	-2.92	----	71,706	71,635	0.1
2068	16.17	13.22	-2.95	----	74,853	74,778	0.1
2069	16.20	13.22	-2.98	----	78,130	78,052	0.1
2070	16.23	13.22	-3.01	----	81,541	81,460	0.1
2071	16.27	13.22	-3.05	----	85,099	85,014	0.1
2072	16.31	13.22	-3.08	----	88,822	88,734	0.1
2073	16.35	13.23	-3.12	----	92,705	92,613	0.1
2074	16.39	13.23	-3.16	----	96,752	96,656	0.1
2075	16.43	13.23	-3.19	----	100,975	100,875	0.1
2076	16.47	13.23	-3.23	----	105,373	105,268	0.1
2077	16.51	13.24	-3.27	----	109,963	109,853	0.1
2078	16.55	13.24	-3.31	----	114,740	114,625	0.1
2079	16.60	13.24	-3.35	----	119,724	119,604	0.1
2080	16.64	13.24	-3.40	----	124,921	124,794	0.1
2081	16.68	13.25	-3.43	----	130,368	130,212	0.1
2082	16.72	13.25	-3.47	----	136,035	135,862	0.1
2083	16.77	13.25	-3.52	----	141,937	141,756	0.1
2084	16.81	13.25	-3.56	----	148,101	147,912	0.1
2085	16.85	13.26	-3.60	----	154,509	154,350	0.1

Summarized Rates
	Years	Cost rate	Income rate	Actuarial balance		Change in actuarial balance
	2008-2082	15.15%	13.91%	-1.24%		0.46%


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Detailed Single Year Tables

Description of Proposed Provision: Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2009) and then increase the NRA by 1 month every 2 years until the NRA reaches age 68

Description of Proposed Provision:
Shorten the hiatus in the normal retirement age (start increasing to age 67 for those age 62 in 2009) and then increase the NRA by 1 month every 2 years until the NRA reaches age 68