Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase the NRA 1 month every 2 years until the NRA reaches 68.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262262
2019248248
2020233233
2021219219
2022203203
2023187188
2024171171
2025154154
2026137137
2027119120
2028101102
20298384
20306465
20314445
20322325
203324
2034-20-18
2035-42-40
2036-65-62
2037-88-84
2038-112-107
2039-136-131
2040-160-154
2041-185-178
2042-210-202
2043-235-226
2044-260-250
2045-285-274
2046-310-298
2047-336-323
2048-362-348
2049-388-373
2050-415-398
2051-442-422
2052-468-447
2053-495-472
2054-523-498
2055-550-523
2056-578-549
2057-606-574
2058-635-601
2059-664-627
2060-694-655
2061-725-682
2062-756-710
2063-787-739
2064-819-768
2065-852-797
2066-885-827
2067-918-857
2068-952-888
2069-987-919
2070-1022-950
2071-1057-983
2072-1094-1016
2073-1132-1050
2074-1171-1085
2075-1210-1120
2076-1251-1157
2077-1293-1194
2078-1335-1232
2079-1378-1271
2080-1421-1309
2081-1464-1348
2082-1507-1387
2083-1550-1426
2084-1593-1465
2085-1636-1505
2086-1680-1544
2087-1724-1584
2088-1769-1624
2089-1814-1665
back