Proposed Provision: 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.
  
    OASDI Trust Fund Ratio
    (assets as a percentage of annual expenditures)
    
    
    
    
    
      
        | Year | Current Law | Provision | 
    
    
      | 2018 | 288 | 288 | 
| 2019 | 272 | 272 | 
| 2020 | 256 | 256 | 
| 2021 | 239 | 239 | 
| 2022 | 223 | 223 | 
| 2023 | 206 | 206 | 
| 2024 | 188 | 189 | 
| 2025 | 171 | 172 | 
| 2026 | 154 | 155 | 
| 2027 | 137 | 139 | 
| 2028 | 120 | 123 | 
| 2029 | 104 | 107 | 
| 2030 | 86 | 90 | 
| 2031 | 69 | 74 | 
| 2032 | 51 | 57 | 
| 2033 | 33 | 41 | 
| 2034 | 14 | 24 | 
| 2035 | -5 | 6 | 
| 2036 | -25 | -12 | 
| 2037 | -46 | -30 | 
| 2038 | -67 | -48 | 
| 2039 | -88 | -66 | 
| 2040 | -110 | -85 | 
| 2041 | -132 | -103 | 
| 2042 | -154 | -121 | 
| 2043 | -176 | -140 | 
| 2044 | -199 | -158 | 
| 2045 | -221 | -176 | 
| 2046 | -244 | -194 | 
| 2047 | -267 | -211 | 
| 2048 | -289 | -228 | 
| 2049 | -312 | -246 | 
| 2050 | -335 | -262 | 
| 2051 | -358 | -279 | 
| 2052 | -381 | -295 | 
| 2053 | -403 | -312 | 
| 2054 | -426 | -328 | 
| 2055 | -450 | -344 | 
| 2056 | -473 | -360 | 
| 2057 | -496 | -376 | 
| 2058 | -520 | -392 | 
| 2059 | -544 | -407 | 
| 2060 | -569 | -423 | 
| 2061 | -594 | -440 | 
| 2062 | -619 | -456 | 
| 2063 | -645 | -473 | 
| 2064 | -671 | -490 | 
| 2065 | -698 | -507 | 
| 2066 | -725 | -524 | 
| 2067 | -752 | -542 | 
| 2068 | -780 | -560 | 
| 2069 | -808 | -578 | 
| 2070 | -837 | -597 | 
| 2071 | -866 | -617 | 
| 2072 | -896 | -637 | 
| 2073 | -927 | -657 | 
| 2074 | -958 | -678 | 
| 2075 | -990 | -699 | 
| 2076 | -1023 | -720 | 
| 2077 | -1057 | -742 | 
| 2078 | -1092 | -765 | 
| 2079 | -1128 | -788 | 
| 2080 | -1165 | -813 | 
| 2081 | -1202 | -837 | 
| 2082 | -1240 | -862 | 
| 2083 | -1278 | -887 | 
| 2084 | -1316 | -912 | 
| 2085 | -1354 | -937 | 
| 2086 | -1392 | -961 | 
| 2087 | -1430 | -986 | 
| 2088 | -1468 | -1010 | 
| 2089 | -1505 | -1034 | 
| 2090 | -1543 | -1058 | 
| 2091 | -1580 | -1082 | 
| 2092 | -1618 | -1106 | 
| 2093 | -1655 | -1130 | 
    
  
  back