Proposed Provision: 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 retired-workers, aged widow(er)s, and disabled widow(er)s by the same amount as the NRA starting for those attaining EEA in 2018.

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

Year Current Law Provision
2017298298
2018287287
2019273273
2020259259
2021245246
2022230231
2023215216
2024199201
2025182185
2026165168
2027148151
2028130134
2029112116
20309499
20317581
20325662
20333744
20341624
2035-44
2036-26-16
2037-47-37
2038-70-58
2039-92-80
2040-115-101
2041-138-123
2042-161-145
2043-184-167
2044-207-188
2045-230-210
2046-253-232
2047-276-253
2048-300-275
2049-323-296
2050-346-318
2051-370-340
2052-393-361
2053-417-382
2054-440-403
2055-464-425
2056-487-446
2057-511-467
2058-536-488
2059-560-510
2060-585-532
2061-611-555
2062-637-577
2063-663-601
2064-690-624
2065-717-648
2066-745-673
2067-772-697
2068-801-722
2069-829-746
2070-858-771
2071-888-797
2072-918-822
2073-949-849
2074-981-876
2075-1014-904
2076-1047-933
2077-1082-963
2078-1117-993
2079-1153-1025
2080-1190-1057
2081-1227-1091
2082-1264-1123
2083-1300-1155
2084-1337-1187
2085-1374-1218
2086-1410-1248
2087-1446-1279
2088-1483-1309
2089-1520-1339
2090-1557-1369
2091-1595-1399
2092-1633-1429
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