Number 
Table and graph selection 
C1.1 
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.
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C1.2 
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022,
increase the NRA 2 months per year until the NRA reaches 68.
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C1.3 
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.
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C1.4 
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022, increase
the NRA 2 months per year until it reaches 69 for individuals attaining age 62 in
2034. Thereafter, increase the NRA 1 month every 2 years.
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C1.5 
Starting in 2015, allow workers to choose whether to have their payroll tax rate
reduced by 2 percentage points. For each calendar year that a worker chooses to have
their payroll tax reduced, their normal retirement age (NRA) increases 1 month. We
assume 2/3 of workers each year will choose this payroll reduction. The General Fund
of the Treasury reimburses the OASI and DI Trust Funds for the reduction in payroll
tax revenue.
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C2.1 
Increase the earliest eligibility age (EEA) by two months per year for those age
62 starting in 2016 and ending in 2033 (EEA reaches 65 for those age 62 in 2033).
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C2.2 
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 retiredworkers, aged widow(er)s, and disabled
widow(er)s by the same amount as the NRA starting for those attaining EEA
in 2017.
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C2.3 
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, increase the earliest
eligibility age (EEA) by the same amount as the NRA starting for those age
62 in 2022 so as to maintain a 5 year difference between the two ages.
Include a "hardship exemption" with no EEA/NRA change for a worker with 25
years of earnings (with 4 quarters of coverage each), and average indexed
monthly earnings (AIME) less than 250 percent of the poverty level (wageindexed
from 2013). The hardship exemption is phased out for those with AIME above 400
percent of the poverty level.
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C2.4 
After the normal retirement age (NRA) reaches 67 for those age 62 in 2022,
increase both the NRA and the earliest eligibility age (EEA) by 36/47 of a
month per year until the NRA and EEA reach 65 and 70 respectively. For each
year, the computed EEA and NRA rounds down to the next lower full month.
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C2.5 
Increase the normal retirement age (NRA) 3 months per year starting for those
age 62 in 2017 until the NRA reaches 70 in 2032. 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 2021 through 2028. Keep EEA at 64 thereafter.
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C2.6 
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for
those age 62 in 202021 to 68 and 63, respectively and then by 3 months per year in
202225 to 69 and 64, respectively.
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C2.7 
Increase the normal retirement age (NRA) and the earliest eligibility age (EEA) for
those age 62 starting in 2016 by 3 months per year until EEA reaches 64 in 2023 and
NRA reaches 69 in 2027.
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C2.8 
Starting in 2017, convert all disabledworker beneficiaries to retiredworker status
upon attainment of their earliest eligibility age (EEA) rather than their normal
retirement age (NRA). After conversion, apply the early retirement reduction for
retirement at EEA (currently 26 percent for those age 62 in 2017) phased in over 40
years.
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Memorandum containing this or a similar provision:


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