Proposed Provision: After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, 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, raise the earliest eligibility age (EEA) for retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2017.

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

Year Present Law Provision
2014320320
2015306306
2016292292
2017277277
2018262263
2019248248
2020233234
2021219220
2022203205
2023187189
2024171173
2025154157
2026137140
2027119123
2028101106
20298388
20306469
20314450
20322330
2033210
2034-20-11
2035-42-32
2036-65-54
2037-88-77
2038-112-99
2039-136-122
2040-160-145
2041-185-169
2042-210-192
2043-235-216
2044-260-239
2045-285-263
2046-310-287
2047-336-311
2048-362-335
2049-388-360
2050-415-385
2051-442-410
2052-468-434
2053-495-459
2054-523-484
2055-550-509
2056-578-534
2057-606-560
2058-635-586
2059-664-612
2060-694-639
2061-725-667
2062-756-694
2063-787-723
2064-819-752
2065-852-781
2066-885-811
2067-918-841
2068-952-871
2069-987-902
2070-1022-933
2071-1057-965
2072-1094-997
2073-1132-1031
2074-1171-1066
2075-1210-1101
2076-1251-1138
2077-1293-1175
2078-1335-1213
2079-1378-1252
2080-1421-1292
2081-1464-1333
2082-1507-1373
2083-1550-1412
2084-1593-1450
2085-1636-1488
2086-1680-1525
2087-1724-1564
2088-1769-1603
2089-1814-1642
back