Proposed Provision: 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.
OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)
| Year |
Current Law |
Provision |
| 2019 | 273 | 273 |
| 2020 | 260 | 260 |
| 2021 | 245 | 245 |
| 2022 | 229 | 229 |
| 2023 | 213 | 213 |
| 2024 | 197 | 197 |
| 2025 | 180 | 181 |
| 2026 | 163 | 164 |
| 2027 | 147 | 148 |
| 2028 | 130 | 131 |
| 2029 | 114 | 115 |
| 2030 | 97 | 98 |
| 2031 | 80 | 82 |
| 2032 | 63 | 65 |
| 2033 | 46 | 48 |
| 2034 | 28 | 31 |
| 2035 | 10 | 13 |
| 2036 | -9 | -5 |
| 2037 | -28 | -24 |
| 2038 | -47 | -43 |
| 2039 | -67 | -62 |
| 2040 | -87 | -81 |
| 2041 | -108 | -101 |
| 2042 | -129 | -121 |
| 2043 | -150 | -141 |
| 2044 | -171 | -160 |
| 2045 | -192 | -180 |
| 2046 | -213 | -200 |
| 2047 | -234 | -220 |
| 2048 | -255 | -239 |
| 2049 | -276 | -259 |
| 2050 | -297 | -278 |
| 2051 | -318 | -298 |
| 2052 | -338 | -317 |
| 2053 | -359 | -336 |
| 2054 | -380 | -355 |
| 2055 | -401 | -374 |
| 2056 | -422 | -392 |
| 2057 | -444 | -411 |
| 2058 | -465 | -430 |
| 2059 | -487 | -449 |
| 2060 | -509 | -469 |
| 2061 | -531 | -488 |
| 2062 | -554 | -508 |
| 2063 | -577 | -528 |
| 2064 | -601 | -549 |
| 2065 | -625 | -569 |
| 2066 | -649 | -590 |
| 2067 | -674 | -611 |
| 2068 | -699 | -633 |
| 2069 | -724 | -655 |
| 2070 | -749 | -677 |
| 2071 | -776 | -699 |
| 2072 | -802 | -722 |
| 2073 | -830 | -746 |
| 2074 | -857 | -769 |
| 2075 | -885 | -793 |
| 2076 | -914 | -818 |
| 2077 | -944 | -843 |
| 2078 | -975 | -869 |
| 2079 | -1007 | -896 |
| 2080 | -1039 | -923 |
| 2081 | -1072 | -949 |
| 2082 | -1106 | -976 |
| 2083 | -1139 | -1004 |
| 2084 | -1173 | -1033 |
| 2085 | -1207 | -1063 |
| 2086 | -1242 | -1094 |
| 2087 | -1275 | -1123 |
| 2088 | -1309 | -1152 |
| 2089 | -1342 | -1179 |
| 2090 | -1375 | -1205 |
| 2091 | -1407 | -1231 |
| 2092 | -1439 | -1256 |
| 2093 | -1471 | -1281 |
| 2094 | -1503 | -1306 |
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