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.

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

Year Present Law Provision
2015308308
2016298298
2017280280
2018264264
2019248248
2020233233
2021219219
2022204204
2023189189
2024173173
2025157158
2026142142
2027126127
2028110111
20299495
20307778
20316061
20324243
20332325
203446
2035-16-13
2036-36-33
2037-57-53
2038-78-74
2039-100-95
2040-122-116
2041-144-137
2042-166-158
2043-189-180
2044-211-201
2045-234-223
2046-257-244
2047-280-266
2048-303-288
2049-327-310
2050-351-332
2051-375-354
2052-398-377
2053-423-399
2054-447-421
2055-472-444
2056-496-466
2057-522-489
2058-548-512
2059-574-536
2060-601-560
2061-629-585
2062-657-610
2063-685-636
2064-714-661
2065-744-688
2066-774-714
2067-804-741
2068-835-768
2069-867-796
2070-899-825
2071-932-854
2072-965-883
2073-1000-914
2074-1035-945
2075-1072-977
2076-1110-1009
2077-1148-1042
2078-1188-1077
2079-1228-1112
2080-1268-1148
2081-1309-1184
2082-1350-1219
2083-1391-1255
2084-1432-1290
2085-1472-1326
2086-1514-1363
2087-1555-1400
2088-1597-1435
2089-1640-1471
2090-1683-1506
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